Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Desjardins Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by analysts at Desjardins from C$183.00 to C$190.00 in a research note issued on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price objective would indicate a potential upside of 6.92% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Royal Bank Of Canada increased their target price on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Raymond James Financial lifted their price target on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group dropped their price target on shares of Toronto-Dominion Bank from C$197.00 to C$196.00 in a research note on Thursday, September 3rd. Barclays increased their price objective on shares of Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. Finally, Scotiabank increased their price objective on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the company a “sector outperform” rating in a research report on Friday, August 28th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has an average rating of “Moderate Buy” and a consensus target price of C$171.62.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded up C$1.84 during midday trading on Wednesday, hitting C$177.71. The company had a trading volume of 1,310,199 shares, compared to its average volume of 5,657,532. The stock has a market capitalization of C$290.20 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.22 and a beta of 0.79. The company has a 50 day moving average of C$170.36 and a 200 day moving average of C$155.12. Toronto-Dominion Bank has a 52-week low of C$112.53 and a 52-week high of C$179.80.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 earnings per share for the quarter. The company had revenue of C$16.93 billion during the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%. Equities research analysts forecast that Toronto-Dominion Bank will post 7.22 EPS for the current year.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, insider Kelvin Vi Luan Tran sold 8,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of C$172.92, for a total value of C$1,383,360.00. Following the completion of the transaction, the insider owned 23,877 shares in the company, valued at C$4,128,810.84. The trade was a 25.10% decrease in their ownership of the stock. 0.08% of the stock is owned by corporate insiders.

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.