Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$197.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by Canaccord Genuity Group from C$185.00 to C$197.00 in a report published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the stock. Jefferies Financial Group lifted their price target on shares of Toronto-Dominion Bank from C$159.00 to C$164.00 in a research note on Friday. Royal Bank Of Canada increased their price objective on shares of Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the company an “outperform” rating in a research report on Friday. National Bank Financial set a C$190.00 target price on shares of Toronto-Dominion Bank and gave the stock an “outperform” rating in a report on Monday, August 24th. Raymond James Financial lifted their target price on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, Desjardins boosted 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 research note on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$170.46.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD opened at C$168.61 on Friday. Toronto-Dominion Bank has a 1 year low of C$100.43 and a 1 year high of C$175.33. The company has a market cap of C$276.27 billion, a P/E ratio of 18.05, a PEG ratio of 1.22 and a beta of 0.88. The stock’s fifty day moving average price is C$169.29 and its 200-day moving average price is C$151.68.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%.The company had revenue of C$16.93 billion during the quarter. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were paid a dividend of $1.12 per share. The ex-dividend date was Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. Toronto-Dominion Bank’s dividend payout ratio is presently 46.36%.

Insider Transactions at Toronto-Dominion Bank

In other news, insider Paul Martyn Clark sold 27,649 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 260 shares of the company’s stock, valued at C$41,917.20. This represents a 99.07% decrease in their position. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the company’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 sale, the insider directly owned 26,677 shares of the company’s stock, valued at C$4,177,884.97. The trade was a 24.16% decrease in their position. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank News Roundup

Here are the key news stories impacting Toronto-Dominion Bank this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. TD reported fiscal third-quarter earnings of C$2.77 per share on C$16.93 billion in revenue, with results benefiting from strength in Canadian banking, U.S. retail and wholesale banking. The bank posted a 13.21% net margin and 11.85% return on equity. TD Bank Q3 earnings beat TD Beats Estimates as Markets Lift Big Canadian Bank Earnings
• Positive Sentiment: Several analysts raised their price targets. RBC lifted its target to C$173 from C$156 and initiated an “outperform” rating. Canaccord raised its target to C$197 from C$185 and maintained a “buy” rating, implying the most significant potential upside among the latest revisions. Scotiabank also increased its target to C$187 from C$180 with a “sector outperform” rating. Analyst rating changes
• Neutral Sentiment: Analyst opinion remains mixed. CIBC raised its target to C$187 from C$184 but kept a “neutral” rating, suggesting that the higher target does not necessarily signal strong conviction. Analysts’ differing views reflect uncertainty over how much of the earnings improvement is already reflected in TD’s valuation. CIBC analyst rating
• Negative Sentiment: Some firms still see limited or negative upside. Jefferies raised its target to C$164 from C$159, below the recent trading level, while Barclays increased its target to C$167 from C$164 and maintained an “underweight” rating. These views could limit gains if investors focus on valuation or potential normalization in bank earnings. Jefferies and Barclays analyst ratings

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.