Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$160.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target increased by stock analysts at Desjardins from C$154.00 to C$160.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 3.19% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the company a “neutral” rating in a research note on Friday. Barclays boosted their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a research note on Friday. BMO Capital Markets boosted their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Jefferies Financial Group boosted their price objective on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a research note on Wednesday, May 20th. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from C$142.00 to C$150.00 in a research note on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$148.50.

Toronto-Dominion Bank Stock Down 0.7%

Shares of Toronto-Dominion Bank stock traded down C$1.12 during trading on Friday, hitting C$155.06. 2,101,841 shares of the company were exchanged, compared to its average volume of 5,957,233. Toronto-Dominion Bank has a fifty-two week low of C$94.05 and a fifty-two week high of C$157.70. The stock has a market capitalization of C$258.77 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.22 and a beta of 0.92. The firm has a 50 day moving average price of C$141.50 and a 200 day moving average price of C$132.07.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. The company had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%. Analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

About Toronto-Dominion Bank

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.