Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$147.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective raised by research analysts at Canaccord Genuity Group from C$141.00 to C$147.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 10.88% from the company’s previous close.

TD has been the subject of several other research reports. National Bank Financial upped their target price on shares of Toronto-Dominion Bank from C$134.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Scotiabank upped their price target on Toronto-Dominion Bank from C$125.00 to C$132.00 in a research report on Friday, January 9th. Barclays boosted their target price on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a report on Friday. Bank of America increased their price target on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. Finally, Desjardins lifted their price objective on Toronto-Dominion Bank from C$133.00 to C$139.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and an average price target of C$139.50.

Toronto-Dominion Bank Trading Down 1.9%

Toronto-Dominion Bank stock traded down C$2.57 during midday trading on Friday, reaching C$132.57. The stock had a trading volume of 2,044,466 shares, compared to its average volume of 6,765,620. The company has a market capitalization of C$222.29 billion, a P/E ratio of 11.47, a PEG ratio of 1.22 and a beta of 1.00. Toronto-Dominion Bank has a 12 month low of C$78.06 and a 12 month high of C$136.49. The company has a fifty day moving average price of C$130.33 and a two-hundred day moving average price of C$118.18.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, February 26th. The company reported C$2.44 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 company had revenue of C$16.63 billion for the quarter. On average, equities research analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share 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.