Toronto-Dominion Bank (TSE:TD) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$115.22 and traded as high as C$132.10. Toronto-Dominion Bank shares last traded at C$131.99, with a volume of 8,236,052 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on TD shares. Canaccord Genuity Group increased their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Friday, December 5th. Canadian Imperial Bank of Commerce increased their price target on Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Bank of America upped their target price on Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. BMO Capital Markets lifted their target price on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a research note on Wednesday, December 17th. Finally, Natl Bk Canada upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$129.17.

Toronto-Dominion Bank Stock Up 1.4%

The company has a 50 day simple moving average of C$127.94 and a 200-day simple moving average of C$115.31. The stock has a market cap of C$221.32 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.22 and a beta of 1.00.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%.The business had revenue of C$16.03 billion for the quarter. On average, equities research analysts expect that The Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal 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.