Toronto-Dominion Bank (TSE:TD) PT Raised to C$82.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by analysts at Jefferies Financial Group from C$73.00 to C$82.00 in a research report issued on Monday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 4.58% from the stock’s previous close.

A number of other research analysts also recently weighed in on TD. Cibc World Mkts raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. Canaccord Genuity Group upped their price objective on shares of Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the stock a “buy” rating in a research report on Friday, May 24th. National Bankshares cut Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from C$84.00 to C$75.00 in a research note on Friday, May 24th. CIBC upgraded shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$83.50 to C$88.00 in a research report on Friday, May 24th. Finally, Royal Bank of Canada boosted their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$87.57.

Toronto-Dominion Bank Stock Up 0.1 %

Shares of TD traded up C$0.05 during mid-day trading on Monday, hitting C$78.41. 1,005,731 shares of the company’s stock were exchanged, compared to its average volume of 7,298,344. The firm has a market cap of C$138.00 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82. The stock’s 50-day simple moving average is C$77.03 and its 200-day simple moving average is C$78.79. Toronto-Dominion Bank has a 52 week low of C$73.67 and a 52 week high of C$86.89.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.84 by C$0.20. Toronto-Dominion Bank had a return on equity of 9.89% and a net margin of 21.91%. The firm had revenue of C$13.82 billion during the quarter, compared to the consensus estimate of C$13.38 billion. Analysts forecast that Toronto-Dominion Bank will post 7.8691589 earnings per share for the current fiscal year.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.