Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$187.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target boosted by Scotiabank from C$180.00 to C$187.00 in a research note released on Friday,BayStreet.CA reports. Scotiabank currently has a sector outperform rating on the stock.

Several other research firms have also issued reports on TD. Canadian Imperial Bank of Commerce upped their target price on Toronto-Dominion Bank from C$184.00 to C$187.00 and gave the company a “neutral” rating in a report on Friday. Barclays lifted their price target on Toronto-Dominion Bank from C$140.00 to C$164.00 in a report on Friday, August 21st. Keefe, Bruyette & Woods set a C$180.00 price objective on Toronto-Dominion Bank and gave the company a “hold” rating in a research note on Friday, August 21st. Raymond James Financial raised their target price on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, Desjardins lifted their target price on Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$170.46.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at C$168.61 on Friday. Toronto-Dominion Bank has a fifty-two week low of C$100.43 and a fifty-two week high of C$175.33. The firm’s 50-day simple moving average is C$169.29 and its 200 day simple moving average is C$151.68. The stock has a market cap of C$276.27 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. The firm had revenue of C$16.93 billion during the quarter. As a group, analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were paid a $1.12 dividend. The ex-dividend date 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 annualized dividend and a yield of 2.7%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 46.36%.

Insider Buying and Selling at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Paul Martyn Clark sold 27,649 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider directly owned 260 shares of the company’s stock, 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 on 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 completion of the sale, the insider directly owned 26,677 shares of the company’s stock, valued at C$4,177,884.97. This represents a 24.16% decrease in their ownership of the stock. 0.08% of the stock is currently owned by corporate insiders.

Key Stories Impacting Toronto-Dominion Bank

Here are the key news stories impacting Toronto-Dominion Bank this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. TD reported fiscal third-quarter earnings of C$2.77 per share on C$16.93 billion in revenue, with results benefiting from strength in Canadian banking, U.S. retail and wholesale banking. The bank posted a 13.21% net margin and 11.85% return on equity. TD Bank Q3 earnings beat TD Beats Estimates as Markets Lift Big Canadian Bank Earnings
• Positive Sentiment: Several analysts raised their price targets. RBC lifted its target to C$173 from C$156 and initiated an “outperform” rating. Canaccord raised its target to C$197 from C$185 and maintained a “buy” rating, implying the most significant potential upside among the latest revisions. Scotiabank also increased its target to C$187 from C$180 with a “sector outperform” rating. Analyst rating changes
• Neutral Sentiment: Analyst opinion remains mixed. CIBC raised its target to C$187 from C$184 but kept a “neutral” rating, suggesting that the higher target does not necessarily signal strong conviction. Analysts’ differing views reflect uncertainty over how much of the earnings improvement is already reflected in TD’s valuation. CIBC analyst rating
• Negative Sentiment: Some firms still see limited or negative upside. Jefferies raised its target to C$164 from C$159, below the recent trading level, while Barclays increased its target to C$167 from C$164 and maintained an “underweight” rating. These views could limit gains if investors focus on valuation or potential normalization in bank earnings. Jefferies and Barclays analyst ratings

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.