Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$162.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by research analysts at National Bank Financial from C$157.00 to C$162.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 4.48% from the company’s current price.

TD has been the topic of several other reports. Canadian Imperial Bank of Commerce raised their price objective on Toronto-Dominion Bank from C$142.00 to C$151.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Raymond James Financial upgraded Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and raised their price objective for the company from C$141.00 to C$152.50 in a research note on Tuesday, May 12th. Canaccord Genuity Group raised their price objective on Toronto-Dominion Bank from C$149.00 to C$158.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Jefferies Financial Group raised their price objective on Toronto-Dominion Bank from C$134.00 to C$142.00 in a research note on Wednesday, May 20th. Finally, Desjardins raised their price objective on Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of “Moderate Buy” and a consensus price target of C$148.50.

Toronto-Dominion Bank Trading Down 0.7%

Shares of TD traded down C$1.12 during trading hours on Friday, reaching C$155.06. The stock had a trading volume of 2,101,841 shares, compared to its average volume of 5,957,233. Toronto-Dominion Bank has a 12 month low of C$94.05 and a 12 month high of C$157.70. The firm has a 50-day simple moving average of C$141.50 and a 200 day simple moving average of C$132.07. The company has a market capitalization of C$258.77 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.22 and a beta of 0.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%.The company had revenue of C$16.04 billion for the quarter. On average, equities analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

About Toronto-Dominion Bank

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.