Canaccord Genuity Group Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by equities researchers at Canaccord Genuity Group from C$147.00 to C$149.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 15.70% from the company’s previous close.

A number of other brokerages have also issued reports on TD. BMO Capital Markets boosted their price target on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Barclays lifted their price objective on Toronto-Dominion Bank from C$133.00 to C$135.00 in a report on Friday, February 27th. National Bank Financial increased their target price on Toronto-Dominion Bank from C$138.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce raised their price target on Toronto-Dominion Bank from C$140.00 to C$142.00 in a report on Thursday. Finally, UBS Group lifted their price target on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and an average price target of C$139.83.

Toronto-Dominion Bank Stock Down 1.0%

Shares of TSE TD traded down C$1.28 during mid-day trading on Monday, hitting C$128.78. 1,657,374 shares of the company were exchanged, compared to its average volume of 6,374,628. The stock has a 50 day simple moving average of C$130.86 and a 200-day simple moving average of C$119.73. Toronto-Dominion Bank has a 1-year low of C$78.06 and a 1-year high of C$136.49. The firm has a market cap of C$215.94 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. The company had revenue of C$16.63 billion for the quarter. Analysts anticipate 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.