Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$162.00

by · The Cerbat Gem

Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) had its target price upped by analysts at National Bank Financial from C$157.00 to C$162.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 4.48% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group increased their target price on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a research report on Wednesday, May 20th. Raymond James Financial upgraded Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from C$141.00 to C$152.50 in a report on Tuesday, May 12th. Desjardins increased their price target on Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Canaccord Genuity Group increased their price target on Toronto-Dominion Bank from C$149.00 to C$158.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, BMO Capital Markets increased their price target on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Toronto-Dominion Bank has an average rating of “Moderate Buy” and an average price target of C$148.50.

Check Out Our Latest Analysis on TD

Toronto-Dominion Bank Trading Down 0.7%

TSE:TD traded down C$1.12 on Friday, reaching C$155.06. 2,101,841 shares of the stock traded hands, compared to its average volume of 5,957,233. The firm has a market capitalization of C$258.77 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The company’s 50 day moving average is C$141.50 and its 200-day moving average is C$132.07. Toronto-Dominion Bank has a 1-year low of C$94.05 and a 1-year high of C$157.70.

Toronto-Dominion Bank (TSE:TD – Get Free Report) (NYSE:TD) last released its earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. The business had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. On average, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Company Profile

(Get Free Report)

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.

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