Canadian Imperial Bank of Commerce Increases Toronto-Dominion Bank (TSE:TD) Price Target to C$140.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target hoisted by Canadian Imperial Bank of Commerce from C$136.00 to C$140.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 5.60% from the company’s previous close.

Several other analysts also recently weighed in on TD. BMO Capital Markets boosted their price objective on Toronto-Dominion Bank from C$128.00 to C$135.00 in a research report on Wednesday, December 17th. Bank of America lifted their price objective on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research report on Friday, December 5th. Barclays boosted their target price on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a report on Friday. Royal Bank Of Canada upped their price target on Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Finally, Desjardins raised their price objective on shares of Toronto-Dominion Bank from C$133.00 to C$139.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$139.50.

Toronto-Dominion Bank Stock Down 1.9%

Shares of TSE TD traded down C$2.57 during mid-day trading on Friday, reaching C$132.57. 2,044,466 shares of the company were exchanged, compared to its average volume of 6,765,620. The company’s 50 day moving average price is C$130.33 and its 200 day moving average price is C$118.18. Toronto-Dominion Bank has a 52 week low of C$78.06 and a 52 week high of C$136.49. The stock has a market capitalization of C$222.29 billion, a PE ratio of 11.47, a PEG ratio of 1.22 and a beta of 1.00.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. The firm had revenue of C$16.63 billion for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%. On average, sell-side analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

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.