Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price raised by stock analysts at Canaccord Genuity Group from C$131.00 to C$141.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 7.96% from the stock’s previous close.

A number of other equities analysts also recently issued reports on TD. Raymond James Financial upped their price target on Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a report on Friday, December 5th. Barclays boosted their price objective on shares of Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the stock an “underweight” rating in a research report on Friday, December 5th. Natl Bk Canada upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Royal Bank Of Canada lifted their price target on shares of Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Finally, Desjardins upped their price objective on shares of Toronto-Dominion Bank from C$133.00 to C$139.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of C$130.75.

Toronto-Dominion Bank Stock Performance

Shares of TD traded down C$1.47 during midday trading on Thursday, hitting C$130.60. 1,462,139 shares of the stock were exchanged, compared to its average volume of 7,687,217. Toronto-Dominion Bank has a 52-week low of C$78.06 and a 52-week high of C$134.50. The stock has a fifty day simple moving average of C$128.86 and a 200 day simple moving average of C$115.95. The firm has a market cap of C$218.99 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.22 and a beta of 1.00.

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

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.