Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$142.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lifted by equities researchers at Scotiabank from C$132.00 to C$142.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 7.11% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Desjardins lifted their price target on shares of Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets upped their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays boosted their target price on Toronto-Dominion Bank from C$133.00 to C$135.00 in a research note on Friday. Jefferies Financial Group decreased their target price on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday, February 11th. Finally, UBS Group increased their price objective on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Monday, December 8th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued 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 price target of C$139.50.

Toronto-Dominion Bank Trading Down 1.9%

TD stock traded down C$2.57 during mid-day trading on Friday, hitting C$132.57. 2,044,466 shares of the company were exchanged, compared to its average volume of 6,765,620. The stock has a market capitalization of C$222.29 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. Toronto-Dominion Bank has a 1-year low of C$78.06 and a 1-year high of C$136.49. The business has a 50 day simple moving average of C$130.33 and a 200-day simple moving average of C$118.18.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. The business had revenue of C$16.63 billion for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. Equities research analysts expect 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.