UBS Group Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target hoisted by research analysts at UBS Group from C$122.00 to C$126.00 in a note issued to investors on Monday,BayStreet.CA reports. UBS Group’s price target indicates a potential upside of 2.85% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Scotiabank increased their price target on Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the company a “sector perform” rating in a research report on Friday. BMO Capital Markets upped their target price on shares of Toronto-Dominion Bank from C$120.00 to C$128.00 in a research note on Friday. Raymond James Financial raised their target price on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a report on Friday. National Bankshares lifted their price target on shares of Toronto-Dominion Bank from C$116.00 to C$124.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Barclays boosted their price target on shares of Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the stock an “underweight” rating in a report on Friday. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$122.77.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD traded up C$0.31 during trading on Monday, hitting C$122.51. The company’s stock had a trading volume of 1,842,121 shares, compared to its average volume of 7,097,457. Toronto-Dominion Bank has a fifty-two week low of C$73.25 and a fifty-two week high of C$122.76. The business has a 50 day moving average price of C$114.18 and a two-hundred day moving average price of C$105.67. The company has a market capitalization of C$206.98 billion, a PE ratio of 10.49, a P/E/G ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%.The business had revenue of C$16.03 billion for the quarter. As a group, equities analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Nathalie Palladitcheff bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were purchased at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the transaction, the director directly owned 3,292 shares of the company’s stock, valued at approximately C$370,810.88. This represents a 43.63% increase in their position. Also, insider Ajai Bambawale sold 7,328 shares of Toronto-Dominion Bank stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the sale, the insider owned 800 shares in the company, valued at C$89,656. This represents a 90.16% decrease in their ownership of the stock. In the last three months, insiders have sold 84,384 shares of company stock worth $9,456,915. 0.08% of the stock is owned by corporate insiders.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.