Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$135.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by BMO Capital Markets from C$128.00 to C$135.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. UBS Group upped their target price on Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday, December 8th. Jefferies Financial Group boosted their price objective on Toronto-Dominion Bank from C$125.00 to C$130.00 in a research report on Friday, December 5th. Barclays raised their target price on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a research report on Friday, December 5th. National Bankshares lifted their target price on 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, December 5th. Finally, Raymond James Financial increased their price target on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and an average target price of C$128.17.

Toronto-Dominion Bank Price Performance

TD opened at C$127.99 on Wednesday. Toronto-Dominion Bank has a fifty-two week low of C$73.73 and a fifty-two week high of C$128.68. The firm has a market capitalization of C$224.21 billion, a P/E ratio of 11.07, a PEG ratio of 1.22 and a beta of 0.98. The company’s 50-day moving average is C$116.95 and its 200 day moving average is C$107.71.

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

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 36.33%.

Insider Activity

In related news, insider Ajai Bambawale sold 39,376 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total value of C$4,412,868.32. Also, Director Nathalie Palladitcheff acquired 1,000 shares of Toronto-Dominion Bank stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average price of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the purchase, the director directly owned 3,292 shares in the company, valued at C$370,810.88. This represents a 43.63% increase in their position. Insiders sold 84,384 shares of company stock valued at $9,456,915 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

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.