Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$138.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lifted by equities research analysts at National Bank Financial from C$134.00 to C$138.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 5.74% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Desjardins lifted their target price on Toronto-Dominion Bank from C$133.00 to C$139.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Canaccord Genuity Group lifted their price objective on shares of Toronto-Dominion Bank from C$131.00 to C$141.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Barclays increased their target price on shares of Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the stock an “underweight” rating in a research note on Friday, December 5th. Canadian Imperial Bank of Commerce downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “hold” rating and lifted their price target for the company from C$129.00 to C$136.00 in a research note on Friday. Finally, Jefferies Financial Group reduced their target price on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has an average rating of “Hold” and an average price target of C$133.00.

Toronto-Dominion Bank Stock Up 0.4%

Toronto-Dominion Bank stock traded up C$0.58 during mid-day trading on Tuesday, hitting C$130.51. 1,323,553 shares of the stock were exchanged, compared to its average volume of 7,443,551. Toronto-Dominion Bank has a 12 month low of C$78.06 and a 12 month high of C$134.50. The firm’s fifty day simple moving average is C$129.37 and its two-hundred day simple moving average is C$116.66. The stock has a market capitalization of C$218.84 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.22 and a beta of 1.00.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. The business had revenue of C$16.03 billion for the quarter. As a group, analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal 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.