Raymond James Financial Boosts Toronto-Dominion Bank (TSE:TD) Price Target to C$138.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target increased by equities researchers at Raymond James Financial from C$122.00 to C$138.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 5.74% from the company’s current price.

Several other research firms have also weighed in on TD. Jefferies Financial Group cut their target price on Toronto-Dominion Bank from C$130.00 to C$128.00 in a report on Wednesday, February 11th. Barclays upped their price objective on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a research note on Friday, December 5th. Canadian Imperial Bank of Commerce downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “hold” rating and boosted their target price for the company from C$129.00 to C$136.00 in a research note on Friday. National Bank Financial upgraded Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$124.00 to C$134.00 in a research report on Thursday, December 18th. Finally, BMO Capital Markets upped their price target on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a research report on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and an average price target of C$133.00.

Toronto-Dominion Bank Stock Performance

TSE TD traded up C$0.58 on Tuesday, reaching C$130.51. The company’s stock had a trading volume of 1,323,553 shares, compared to its average volume of 7,443,551. The firm’s 50 day moving average is C$129.37 and its two-hundred day moving average is C$116.66. The stock has a market cap of C$218.84 billion, a PE ratio of 11.29, a PEG ratio of 1.22 and a beta of 1.00. Toronto-Dominion Bank has a twelve month low of C$78.06 and a twelve month high of C$134.50.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. The firm 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 research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS 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.