Toronto-Dominion Bank (TSE:TD) Stock Rating Upgraded by National Bankshares

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by investment analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a C$134.00 price target on the stock, up from their prior price target of C$124.00. National Bankshares’ target price suggests a potential upside of 4.83% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Raymond James Financial increased their target price on shares of 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. Barclays increased their price target on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a report on Friday, December 5th. UBS Group raised their target price on Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday, December 8th. Bank of America upped their price target on Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. Finally, Royal Bank Of Canada boosted their target price on shares of Toronto-Dominion Bank from C$120.00 to C$128.00 in a research report on Friday, December 5th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$128.17.

Toronto-Dominion Bank Trading Up 1.6%

Shares of TSE:TD traded up C$2.04 during midday trading on Thursday, hitting C$127.82. 2,014,893 shares of the stock were exchanged, compared to its average volume of 7,040,535. Toronto-Dominion Bank has a twelve month low of C$73.73 and a twelve month high of C$128.24. The company has a 50 day moving average price of C$116.28 and a 200-day moving average price of C$107.34. The stock has a market cap of C$223.92 billion, a P/E ratio of 11.06, a PEG ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results 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%. On average, equities research analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, insider Ajai Bambawale sold 7,328 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total value of C$821,248.96. Following the completion of the transaction, the insider directly owned 800 shares in the company, valued at C$89,656. This trade represents a 90.16% decrease in their ownership of the stock. Also, Director Nathalie Palladitcheff bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average price of C$112.64 per share, for a total transaction of C$112,640.00. Following the completion of the acquisition, the director directly owned 3,292 shares in the company, valued at approximately C$370,810.88. This represents a 43.63% increase in their ownership of the stock. Insiders have sold a total of 84,384 shares of company stock worth $9,456,915 in the last ninety days. 0.08% of the stock is owned by company insiders.

About Toronto-Dominion Bank

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.