Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$180.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price increased by Raymond James Financial from C$155.00 to C$180.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Scotiabank raised their target price on Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the company a “sector outperform” rating in a report on Tuesday, June 16th. National Bank Financial lifted their price target on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Canadian Imperial Bank of Commerce boosted their price target on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Desjardins upped their price objective on Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, 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. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of “Moderate Buy” and an average price target of C$159.17.

Toronto-Dominion Bank Trading Up 0.6%

Shares of TSE:TD opened at C$172.61 on Wednesday. The firm has a 50 day moving average of C$168.96 and a 200-day moving average of C$149.01. Toronto-Dominion Bank has a 12 month low of C$100.01 and a 12 month high of C$175.33. The stock has a market capitalization of C$285.16 billion, a PE ratio of 20.26, a PEG ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. The business 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%. On average, research analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

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

Insider Buying and Selling

In other Toronto-Dominion Bank news, insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the sale, the insider owned 260 shares of the company’s stock, valued at approximately C$41,917.20. The trade was a 99.07% decrease in their ownership of the stock. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the business’s 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 sale, the insider directly owned 26,677 shares in the company, valued at approximately C$4,177,884.97. The trade was a 24.16% decrease in their position. Company insiders own 0.08% of the company’s stock.

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.