Toronto-Dominion Bank (TSE:TD) Upgraded to Sector Outperform at Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a C$150.00 price target on the stock, up from their previous price target of C$142.00. Scotiabank’s price objective suggests a potential upside of 3.75% from the company’s previous close.

Other analysts also recently issued reports about the company. National Bank Financial upped their price objective on Toronto-Dominion Bank from C$138.00 to C$146.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Jefferies Financial Group dropped their target price on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday, February 11th. Canadian Imperial Bank of Commerce raised their price target on Toronto-Dominion Bank from C$140.00 to C$142.00 in a research note on Thursday, March 5th. Canaccord Genuity Group lifted their price target on Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, Desjardins upped their price objective on shares of Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$139.67.

Toronto-Dominion Bank Price Performance

TD traded down C$1.26 during trading on Monday, reaching C$144.58. 1,388,679 shares of the stock were exchanged, compared to its average volume of 6,320,419. The business’s 50 day moving average price is C$134.84 and its two-hundred day moving average price is C$127.43. The company has a market capitalization of C$241.28 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.22 and a beta of 0.86. Toronto-Dominion Bank has a 1 year low of C$87.17 and a 1 year high of C$147.00.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. The company had revenue of C$16.63 billion for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%. On average, analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.