Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$160.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective increased by equities researchers at Desjardins from C$154.00 to C$160.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 3.19% from the company’s current price.

A number of other equities research analysts have also weighed in on TD. Jefferies Financial Group lifted their price objective on Toronto-Dominion Bank from C$134.00 to C$142.00 in a report on Wednesday, May 20th. National Bank Financial lifted their price objective on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the company an “outperform” rating in a report on Friday. Canadian Imperial Bank of Commerce lifted their price objective on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the company a “neutral” rating in a report on Friday. BMO Capital Markets boosted their price target on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada decreased their price target on Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$148.50.

Toronto-Dominion Bank Stock Performance

TD traded down C$1.12 during trading on Friday, reaching C$155.06. The company’s stock had a trading volume of 2,101,841 shares, compared to its average volume of 5,957,233. Toronto-Dominion Bank has a 52-week low of C$94.05 and a 52-week high of C$157.70. The company’s fifty day moving average price is C$141.50 and its 200-day moving average price is C$132.07. The company has a market capitalization of C$258.77 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%.The company had revenue of C$16.04 billion for the quarter. Equities analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

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.