Toronto-Dominion Bank (TSE:TD) Given New C$187.00 Price Target at Canadian Imperial Bank of Commerce

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price raised by investment analysts at Canadian Imperial Bank of Commerce from C$184.00 to C$187.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s price target would suggest a potential upside of 11.14% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Scotiabank raised their target price on shares of Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the company a “sector outperform” rating in a research note on Tuesday, June 16th. Jefferies Financial Group boosted their price target on shares of Toronto-Dominion Bank from C$159.00 to C$164.00 in a research note on Friday. Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Desjardins raised their price objective on Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Barclays lifted their target price on Toronto-Dominion Bank from C$140.00 to C$164.00 in a report on Friday, August 21st. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$170.00.

Toronto-Dominion Bank Stock Performance

TD traded up C$0.41 during trading on Friday, reaching C$168.25. 1,043,349 shares of the company traded hands, compared to its average volume of 5,520,668. Toronto-Dominion Bank has a 12-month low of C$100.43 and a 12-month high of C$175.33. The firm has a fifty day simple moving average of C$169.31 and a 200 day simple moving average of C$151.43. The company has a market cap of C$277.96 billion, a P/E ratio of 19.75, a PEG ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. The firm had revenue of C$16.93 billion for the quarter. As a group, sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Insider Buying and Selling at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction on Wednesday, June 3rd. The shares were 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 in the company, 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 the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the transaction, the insider owned 260 shares of the company’s stock, valued at C$41,917.20. This trade represents a 99.07% decrease in their position. Insiders own 0.08% of the company’s stock.

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.