Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$132.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target increased by analysts at Bank of America from C$130.00 to C$132.00 in a research report issued on Friday,BayStreet.CA reports. Bank of America‘s price target would indicate a potential upside of 8.21% from the company’s current price.

TD has been the subject of a number of other research reports. Barclays boosted their price objective on Toronto-Dominion Bank from C$100.00 to C$114.00 and gave the company an “underweight” rating in a research report on Monday, November 24th. National Bankshares set a C$100.00 price target on shares of Toronto-Dominion Bank and gave the company a “sector perform” rating in a report on Monday, September 22nd. BMO Capital Markets upped their price target on shares of Toronto-Dominion Bank from C$102.00 to C$107.00 in a research report on Tuesday, September 30th. Royal Bank Of Canada lifted their price objective on shares of Toronto-Dominion Bank from C$120.00 to C$128.00 in a research report on Friday. Finally, CIBC boosted their target price on shares of Toronto-Dominion Bank from C$112.00 to C$122.00 in a research note on Wednesday, November 19th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$118.14.

Toronto-Dominion Bank Stock Up 1.6%

Shares of TSE:TD traded up C$1.90 on Friday, reaching C$121.99. 2,481,790 shares of the company’s stock were exchanged, compared to its average volume of 7,114,264. The business’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 fifty-two week low of C$73.22 and a fifty-two week high of C$122.24. The firm has a market capitalization of C$208.26 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.22 and a beta of 0.98.

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

Insider Activity at Toronto-Dominion Bank

In other news, insider Ajai Bambawale sold 7,328 shares of Toronto-Dominion Bank 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 in the company, valued at approximately C$89,656. This trade represents a 90.16% decrease in their position. Also, Director Nathalie Palladitcheff acquired 1,000 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was purchased at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the purchase, the director directly owned 3,292 shares in the company, valued at approximately C$370,810.88. This represents a 43.63% increase in their position. In the last three months, insiders have sold 84,384 shares of company stock worth $9,456,915. 0.08% of the stock is owned by corporate insiders.

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.