Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for Toronto-Dominion Bank (TSE:TD) Stock

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price boosted by equities researchers at Canadian Imperial Bank of Commerce from C$140.00 to C$142.00 in a research report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 9.18% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. UBS Group raised their price target on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Bank of America upped their price objective on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research note on Friday, December 5th. National Bank Financial increased their price objective on Toronto-Dominion Bank from C$138.00 to C$146.00 and gave the company an “outperform” rating in a report on Friday, February 27th. BMO Capital Markets raised their target price on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Scotiabank boosted their target price on Toronto-Dominion Bank from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$139.67.

Toronto-Dominion Bank Stock Performance

TD opened at C$130.06 on Thursday. The firm has a market cap of C$218.08 billion, a P/E ratio of 11.25, a PEG ratio of 1.22 and a beta of 0.98. The firm has a 50-day moving average of C$130.86 and a 200 day moving average of C$119.48. Toronto-Dominion Bank has a fifty-two week low of C$78.06 and a fifty-two week high of C$136.49.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 earnings per share (EPS) for the quarter. The business had revenue of C$16.63 billion during the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. Equities research analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

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.