Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$187.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target hoisted by Canadian Imperial Bank of Commerce from C$184.00 to C$187.00 in a report issued on Friday morning,BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently issued reports on TD. Scotiabank upped their price target on shares of Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the company a “sector outperform” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada lifted their price target on shares of Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial boosted their price objective on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Keefe, Bruyette & Woods set a C$180.00 price objective on Toronto-Dominion Bank and gave the company a “hold” rating in a report on Friday, August 21st. Finally, National Bank Financial set a C$190.00 target price on Toronto-Dominion Bank and gave the stock an “outperform” rating in a research report on Monday, August 24th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$170.46.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at C$168.61 on Friday. The business has a 50 day moving average of C$169.29 and a 200-day moving average of C$151.68. Toronto-Dominion Bank has a 1 year low of C$100.43 and a 1 year high of C$175.33. The company has a market capitalization of C$276.27 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. The business had revenue of C$16.93 billion during the quarter. Equities analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a yield of 2.7%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. Toronto-Dominion Bank’s payout ratio is currently 46.36%.

Insider Activity at Toronto-Dominion Bank

In other news, insider Paul Martyn Clark sold 27,649 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the sale, the insider directly owned 260 shares of the company’s stock, valued at approximately C$41,917.20. This represents a 99.07% decrease in their position. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the sale, the insider owned 26,677 shares of the company’s stock, valued at approximately C$4,177,884.97. This trade represents a 24.16% decrease in their ownership of the stock. 0.08% of the stock is currently owned by company insiders.

Key Stories Impacting Toronto-Dominion Bank

Here are the key news stories impacting Toronto-Dominion Bank this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. TD reported fiscal third-quarter earnings of C$2.77 per share on C$16.93 billion in revenue, with results benefiting from strength in Canadian banking, U.S. retail and wholesale banking. The bank posted a 13.21% net margin and 11.85% return on equity. TD Bank Q3 earnings beat TD Beats Estimates as Markets Lift Big Canadian Bank Earnings
• Positive Sentiment: Several analysts raised their price targets. RBC lifted its target to C$173 from C$156 and initiated an “outperform” rating. Canaccord raised its target to C$197 from C$185 and maintained a “buy” rating, implying the most significant potential upside among the latest revisions. Scotiabank also increased its target to C$187 from C$180 with a “sector outperform” rating. Analyst rating changes
• Neutral Sentiment: Analyst opinion remains mixed. CIBC raised its target to C$187 from C$184 but kept a “neutral” rating, suggesting that the higher target does not necessarily signal strong conviction. Analysts’ differing views reflect uncertainty over how much of the earnings improvement is already reflected in TD’s valuation. CIBC analyst rating
• Negative Sentiment: Some firms still see limited or negative upside. Jefferies raised its target to C$164 from C$159, below the recent trading level, while Barclays increased its target to C$167 from C$164 and maintained an “underweight” rating. These views could limit gains if investors focus on valuation or potential normalization in bank earnings. Jefferies and Barclays analyst ratings

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.