Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$184.00 at Canadian Imperial Bank of Commerce

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by Canadian Imperial Bank of Commerce from C$164.00 to C$184.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 12.25% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group boosted their price objective on 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. Desjardins lifted their target price on shares of Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. National Bank Financial upped their price target on shares of Toronto-Dominion Bank from C$162.00 to C$190.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Scotiabank increased their price target on shares of Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, June 16th. Finally, Jefferies Financial Group raised their price objective on shares of Toronto-Dominion Bank from C$151.00 to C$159.00 in a research report on Thursday, August 13th. Seven investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$160.83.

Toronto-Dominion Bank Trading Down 3.4%

Shares of Toronto-Dominion Bank stock traded down C$5.70 on Wednesday, hitting C$163.92. The stock had a trading volume of 1,457,332 shares, compared to its average volume of 5,600,683. Toronto-Dominion Bank has a 52-week low of C$100.01 and a 52-week high of C$175.33. The stock has a market cap of C$270.80 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.22 and a beta of 0.88. The company’s 50 day moving average price is C$169.42 and its 200 day moving average price is C$149.74.

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

Insider Activity

In other news, insider Kelvin Vi Luan Tran sold 8,498 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were 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. Also, insider Paul Martyn Clark sold 27,649 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the transaction, the insider directly owned 260 shares of the company’s stock, valued at C$41,917.20. This represents a 99.07% decrease in their ownership of the stock. 0.08% of the stock is owned by 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.