The Toronto-Dominion Bank (TSE:TD) Given Average Recommendation of “Moderate Buy” by Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$129.17.

A number of equities analysts recently weighed in on the stock. Raymond James Financial lifted their target price on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the stock a “market perform” rating in a research note on Friday, December 5th. Natl Bk Canada raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. CIBC raised their target price on Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Jefferies Financial Group lifted their target price on Toronto-Dominion Bank from C$125.00 to C$130.00 in a report on Friday, December 5th. Finally, National Bankshares upgraded Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$124.00 to C$134.00 in a report on Thursday, December 18th.

Toronto-Dominion Bank Price Performance

Shares of TD opened at C$131.17 on Monday. The business has a 50-day moving average of C$122.03 and a 200-day moving average of C$111.18. The company has a market capitalization of C$221.61 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. Toronto-Dominion Bank has a 1 year low of C$76.33 and a 1 year high of C$132.72.

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. 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 during the quarter. As a group, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

About Toronto-Dominion Bank

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.