Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$190.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective hoisted by National Bank Financial from C$162.00 to C$190.00 in a research report released on Thursday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on TD. Canadian Imperial Bank of Commerce increased their price objective on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Scotiabank increased their price target on Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, June 16th. Canaccord Genuity Group increased their price target on Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Barclays lifted their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a research note on Friday, May 29th. Finally, Raymond James Financial upped their price objective on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$159.17.

Toronto-Dominion Bank Stock Up 0.6%

Toronto-Dominion Bank stock opened at C$172.61 on Thursday. The firm has a 50-day moving average price of C$168.96 and a two-hundred day moving average price of C$149.01. The firm has a market capitalization of C$285.16 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.22 and a beta of 0.88. Toronto-Dominion Bank has a 52-week low of C$100.01 and a 52-week high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. The firm had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. Research analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, July 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. Toronto-Dominion Bank’s dividend payout ratio is 50.00%.

Insider Buying and Selling at Toronto-Dominion Bank

In related news, insider Kelvin Vi Luan Tran sold 8,498 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the completion of the transaction, the insider owned 26,677 shares of the company’s stock, valued at C$4,177,884.97. This trade represents a 24.16% decrease in their ownership of the stock. Also, insider Paul Martyn Clark sold 27,649 shares of Toronto-Dominion Bank stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the transaction, the insider directly owned 260 shares in the company, valued at approximately C$41,917.20. The trade was a 99.07% decrease in their ownership of the stock. 0.08% of the stock is currently owned by company insiders.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.