The Toronto-Dominion Bank (TSE:TD) Receives Average Recommendation of “Moderate Buy” from Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$129.17.

TD has been the subject of a number of analyst reports. BMO Capital Markets increased their target price on Toronto-Dominion Bank from C$128.00 to C$135.00 in a research note on Wednesday, December 17th. Scotiabank upped their price objective on Toronto-Dominion Bank from C$125.00 to C$132.00 in a report on Friday. National Bankshares raised Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$124.00 to C$134.00 in a report on Thursday, December 18th. Natl Bk Canada upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Finally, Desjardins increased their price target on shares of Toronto-Dominion Bank from C$126.00 to C$133.00 and gave the company a “buy” rating in a report on Thursday, December 18th.

Toronto-Dominion Bank Stock Performance

TD stock opened at C$131.17 on Monday. The stock has a market capitalization of C$220.20 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. The company has a fifty day moving average of C$122.03 and a 200-day moving average of C$111.36. Toronto-Dominion Bank has a one year low of C$76.33 and a one year high of C$132.72.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly 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 net margin of 15.80% and a return on equity of 7.84%. Equities analysts forecast 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.