Royal Bank Of Canada Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$138.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lowered by Royal Bank Of Canada from C$148.00 to C$138.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group upped their target price on shares of Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Jefferies Financial Group decreased their price target on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday, February 11th. Canadian Imperial Bank of Commerce upped their price target on Toronto-Dominion Bank from C$140.00 to C$142.00 in a report on Thursday, March 5th. Bank of America raised their price objective on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research note on Friday, December 5th. Finally, BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$139.00.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$126.87 on Wednesday. The stock’s 50-day moving average is C$130.44 and its two-hundred day moving average is C$122.20. The company has a market cap of C$211.72 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a 1-year low of C$78.06 and a 1-year high of C$136.49.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. The firm had revenue of C$16.63 billion during the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%. Equities research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal 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.