Toronto-Dominion Bank (TSE:TD) Stock Rating Upgraded by Raymond James Financial

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by equities research analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on TD. Jefferies Financial Group decreased their price target on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday, February 11th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from C$142.00 to C$150.00 in a report on Monday, May 4th. Canadian Imperial Bank of Commerce lifted their price target on shares of Toronto-Dominion Bank from C$140.00 to C$142.00 in a report on Thursday, March 5th. Barclays lifted their price target on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a report on Friday, February 27th. Finally, Canaccord Genuity Group lifted their price target on shares of Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Moderate Buy” and a consensus target price of C$140.42.

Toronto-Dominion Bank Price Performance

TD opened at C$147.59 on Tuesday. The company has a market capitalization of C$246.30 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.22 and a beta of 0.92. The firm’s fifty day moving average price is C$136.54 and its two-hundred day moving average price is C$128.89. Toronto-Dominion Bank has a 1 year low of C$88.50 and a 1 year high of C$149.08.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. The company had revenue of C$16.63 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, equities analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current 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.