Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$139.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lifted by Desjardins from C$133.00 to C$139.00 in a report issued on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on TD. Canaccord Genuity Group raised their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Friday, December 5th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Bank of America upped their target price on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. BMO Capital Markets raised their target price on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a research note on Wednesday, December 17th. Finally, Scotiabank lifted their price target on Toronto-Dominion Bank from C$125.00 to C$132.00 in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Moderate Buy” and a consensus price target of C$129.50.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$132.07 on Monday. The business has a 50-day moving average of C$128.86 and a 200-day moving average of C$115.95. The stock has a market capitalization of C$221.45 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.22 and a beta of 1.00. Toronto-Dominion Bank has a fifty-two week low of C$78.06 and a fifty-two week high of C$134.50.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. The business had revenue of C$16.03 billion for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%. On average, sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

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.