Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$140.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by investment analysts at Barclays from C$135.00 to C$140.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 9.71% from the company’s current price.

Several other analysts also recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Raymond James Financial raised shares of Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$141.00 to C$152.50 in a report on Tuesday, May 12th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from C$142.00 to C$150.00 in a report on Monday, May 4th. Desjardins upped their price objective on shares of Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Canaccord Genuity Group upped their price objective on shares of Toronto-Dominion Bank from C$149.00 to C$158.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of C$148.50.

Toronto-Dominion Bank Stock Down 0.7%

Shares of TD traded down C$1.12 during mid-day trading on Friday, hitting C$155.06. 2,101,841 shares of the company’s stock were exchanged, compared to its average volume of 5,957,233. The firm has a fifty day moving average of C$141.50 and a two-hundred day moving average of C$132.07. Toronto-Dominion Bank has a twelve month low of C$94.05 and a twelve month high of C$157.70. The stock has a market cap of C$258.77 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.22 and a beta of 0.92.

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

About Toronto-Dominion Bank

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.