National Bank Financial Reiterates “C$190.00” Price Target for Toronto-Dominion Bank (TSE:TD)

National Bank Financial set a C$190.00 price target on Toronto-Dominion Bank (TSE:TD) (NYSE:TD) in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

TD has been the topic of several other reports. Scotiabank raised their price objective on 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. Canaccord Genuity Group boosted their target price 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. Keefe, Bruyette & Woods set a C$180.00 target price on shares of Toronto-Dominion Bank and gave the stock a “hold” rating in a report on Friday, August 21st. Desjardins raised their price target on shares of Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Barclays lifted their price target on shares of Toronto-Dominion Bank from C$140.00 to C$164.00 in a report on Friday, August 21st. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$164.15.

Toronto-Dominion Bank Stock Up 0.7%

Shares of TD stock opened at C$165.87 on Monday. Toronto-Dominion Bank has a 12-month low of C$100.01 and a 12-month high of C$175.33. The company has a market capitalization of C$274.03 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. The firm has a 50 day moving average price of C$169.32 and a two-hundred day moving average price of C$151.17.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. The company 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%. As a group, research analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a dividend of $1.12 per share. The ex-dividend date of this dividend was Friday, July 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.7%. Toronto-Dominion Bank’s payout ratio is 50.00%.

Insider Activity

In other news, insider Paul Martyn Clark sold 27,649 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the completion of the transaction, the insider directly owned 260 shares in the company, valued at C$41,917.20. This trade represents a 99.07% decrease in their ownership of the stock. Also, 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 value of C$1,330,871.78. Following 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. Insiders own 0.08% of the company’s stock.

About Toronto-Dominion Bank

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.