Raymond James Financial Boosts Toronto-Dominion Bank (TSE:TD) Price Target to C$122.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective boosted by equities research analysts at Raymond James Financial from C$119.00 to C$122.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 0.01% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Bank of America upped their price objective on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday. Desjardins boosted their price target on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. CIBC upped their price target on Toronto-Dominion Bank from C$112.00 to C$122.00 in a research note on Wednesday, November 19th. Scotiabank raised their price objective on Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$120.00 to C$128.00 in a report on Friday. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$118.14.

Toronto-Dominion Bank Trading Up 1.6%

TD traded up C$1.90 during trading on Friday, reaching C$121.99. The stock had a trading volume of 2,481,790 shares, compared to its average volume of 7,114,264. The company has a market capitalization of C$208.26 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.22 and a beta of 0.98. The stock’s 50 day moving average is C$113.94 and its two-hundred day moving average is C$105.23. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$122.24.

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 for the quarter. The firm had revenue of C$16.03 billion for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. On average, equities research analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ajai Bambawale sold 7,328 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the transaction, the insider directly owned 800 shares of the company’s stock, valued at C$89,656. This represents a 90.16% decrease in their ownership of the stock. Also, Director Nathalie Palladitcheff acquired 1,000 shares of Toronto-Dominion Bank stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average price of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the acquisition, the director directly owned 3,292 shares in the company, valued at C$370,810.88. This represents a 43.63% increase in their position. In the last three months, insiders sold 84,384 shares of company stock valued at $9,456,915. Corporate insiders own 0.08% of the company’s stock.

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.