Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$183.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target upped by Desjardins from C$160.00 to C$183.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

TD has been the subject of a number of other research reports. Canaccord Genuity Group lifted their target price on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. National Bank Financial increased their price objective on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Jefferies Financial Group lifted their price objective on Toronto-Dominion Bank from C$134.00 to C$142.00 in a research report on Wednesday, May 20th. Barclays boosted their target price on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a research note on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce upped their target price on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Moderate Buy” and a consensus target price of C$153.33.

Toronto-Dominion Bank Stock Performance

TD stock opened at C$169.30 on Wednesday. The stock has a market cap of C$279.69 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.22 and a beta of 0.88. The firm has a 50 day simple moving average of C$167.52 and a 200 day simple moving average of C$147.58. Toronto-Dominion Bank has a 52 week low of C$100.01 and a 52 week high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. The firm had revenue of C$16.04 billion for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. Sell-side analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a dividend of $1.12 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, July 10th. This represents a $4.48 annualized dividend and a dividend yield of 2.6%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 50.00%.

Insiders Place Their Bets

In related news, insider Paul Martyn Clark sold 27,649 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the completion of the sale, the insider directly owned 260 shares in the company, valued at approximately C$41,917.20. This represents a 99.07% decrease in their ownership of the stock. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the transaction, the insider directly owned 26,677 shares in the company, valued at C$4,177,884.97. The trade was a 24.16% decrease in their ownership of the stock. 0.08% of the stock is currently owned by company insiders.

Toronto-Dominion Bank Company Profile

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.