Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$129.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective increased by analysts at CIBC from C$122.00 to C$129.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 2.19% from the company’s previous close.

TD has been the topic of a number of other reports. Desjardins boosted their price objective on Toronto-Dominion Bank from C$120.00 to C$126.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Barclays increased their price objective on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a research report on Friday, December 5th. Raymond James Financial lifted their price objective on Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the stock a “market perform” rating in a research report on Friday, December 5th. Royal Bank Of Canada increased their price target on shares of Toronto-Dominion Bank from C$120.00 to C$128.00 in a report on Friday, December 5th. Finally, Bank of America raised their target price on Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$123.31.

Toronto-Dominion Bank Trading Up 0.3%

Shares of TD stock traded up C$0.35 on Thursday, hitting C$126.23. 2,981,916 shares of the stock were exchanged, compared to its average volume of 7,076,085. The business has a 50-day moving average of C$114.92 and a 200 day moving average of C$106.23. Toronto-Dominion Bank has a fifty-two week low of C$73.73 and a fifty-two week high of C$126.40. The firm has a market capitalization of C$213.27 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. The company had revenue of C$16.03 billion during the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%. As a group, research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Ajai Bambawale sold 39,376 shares of Toronto-Dominion Bank stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total value of C$4,412,868.32. Also, Director Nathalie Palladitcheff purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the transaction, the director owned 3,292 shares in the company, valued at C$370,810.88. This trade represents a 43.63% increase in their position. Insiders have sold a total of 84,384 shares of company stock worth $9,456,915 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.