Raymond James Financial Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target increased by stock analysts at Raymond James Financial from C$152.50 to C$155.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential downside of 0.04% from the stock’s previous close.

A number of other analysts have also recently weighed in on TD. Royal Bank Of Canada reduced their target price on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. Desjardins raised their target price on shares of Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the stock a “buy” rating in a report on Friday. Barclays raised their target price on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a report on Friday. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from C$142.00 to C$150.00 in a report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a research note on Friday. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$148.50.

Toronto-Dominion Bank Price Performance

Shares of TSE TD traded down C$1.12 during mid-day trading on Friday, reaching C$155.06. 2,101,841 shares of the company traded hands, compared to its average volume of 5,957,233. Toronto-Dominion Bank has a fifty-two week low of C$94.05 and a fifty-two week high of C$157.70. The firm has a market cap of C$258.77 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The stock has a fifty day simple moving average of C$141.50 and a 200-day simple moving average of C$132.07.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. The firm had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. As a group, analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.