Brokerages Set The Toronto-Dominion Bank (NYSE:TD) Price Target at $100.44

Shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) have received an average rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $100.33.

A number of equities analysts have recently commented on TD shares. StockNews.com started coverage on Toronto-Dominion Bank in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. CIBC reduced their price objective on Toronto-Dominion Bank from C$100.00 to C$97.00 in a report on Tuesday, August 16th. Scotiabank dropped their target price on shares of Toronto-Dominion Bank from C$101.00 to C$100.00 in a research report on Tuesday. Canaccord Genuity Group lowered their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$94.50 in a research report on Monday, August 29th. Finally, National Bank Financial lowered their price objective on shares of Toronto-Dominion Bank from C$106.00 to C$103.00 in a research report on Friday, November 18th.

Toronto-Dominion Bank Stock Up 0.4 %

Shares of TD opened at $68.11 on Tuesday. The stock has a market capitalization of $123.59 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.94. Toronto-Dominion Bank has a one year low of $57.27 and a one year high of $86.01. The stock has a 50 day moving average price of $63.86 and a 200 day moving average price of $66.27.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last announced its quarterly earnings results on Thursday, August 25th. The bank reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. Toronto-Dominion Bank had a return on equity of 16.09% and a net margin of 22.93%. The company had revenue of $8.49 billion during the quarter, compared to analyst estimates of $10.63 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. Equities research analysts forecast that Toronto-Dominion Bank will post 6.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fairfield Bush & CO. bought a new position in Toronto-Dominion Bank in the first quarter valued at approximately $26,000. Financial Management Professionals Inc. increased its stake in Toronto-Dominion Bank by 75.1% in the third quarter. Financial Management Professionals Inc. now owns 408 shares of the bank’s stock valued at $25,000 after acquiring an additional 175 shares during the last quarter. HHM Wealth Advisors LLC bought a new position in Toronto-Dominion Bank in the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new position in Toronto-Dominion Bank in the second quarter valued at approximately $31,000. Finally, Pinebridge Investments L.P. increased its stake in Toronto-Dominion Bank by 52.8% in the second quarter. Pinebridge Investments L.P. now owns 541 shares of the bank’s stock valued at $46,000 after acquiring an additional 187 shares during the last quarter. 49.10% of the stock is owned by institutional investors.

About Toronto-Dominion Bank

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

Further Reading

Analyst Recommendations for Toronto-Dominion Bank (NYSE:TD)

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