Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$167.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target raised by Barclays from C$164.00 to C$167.00 in a report released on Friday,BayStreet.CA reports. Barclays currently has an underweight rating on the stock.

A number of other brokerages have also recently issued reports on TD. Royal Bank Of Canada upped their price objective on shares of Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the company an “outperform” rating in a research note on Friday. Canaccord Genuity Group lifted their target price on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce boosted their price target on shares of Toronto-Dominion Bank from C$184.00 to C$187.00 and gave the stock a “neutral” rating in a research note on Friday. Desjardins boosted their price target on shares of Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, National Bank Financial set a C$190.00 price target on shares of Toronto-Dominion Bank and gave the company an “outperform” rating in a research report on Monday, August 24th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$170.46.

Toronto-Dominion Bank Price Performance

TSE:TD opened at C$168.61 on Friday. The company has a market capitalization of C$276.27 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.22 and a beta of 0.88. The business has a 50 day moving average of C$169.29 and a 200 day moving average of C$151.68. Toronto-Dominion Bank has a 1-year low of C$100.43 and a 1-year high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. The business had revenue of C$16.93 billion for the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. As a group, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were issued a dividend of $1.12 per share. The ex-dividend date was Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a yield of 2.7%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 46.36%.

Insider Buying and Selling at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the completion of the sale, the insider owned 26,677 shares of the company’s stock, valued at C$4,177,884.97. This represents a 24.16% decrease in their position. Also, insider Paul Martyn Clark sold 27,649 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the completion of the sale, the insider directly owned 260 shares in the company, valued at approximately C$41,917.20. This trade represents a 99.07% decrease in their position. Corporate insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank News Roundup

Here are the key news stories impacting Toronto-Dominion Bank this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. TD reported fiscal third-quarter earnings of C$2.77 per share on C$16.93 billion in revenue, with results benefiting from strength in Canadian banking, U.S. retail and wholesale banking. The bank posted a 13.21% net margin and 11.85% return on equity. TD Bank Q3 earnings beat TD Beats Estimates as Markets Lift Big Canadian Bank Earnings
• Positive Sentiment: Several analysts raised their price targets. RBC lifted its target to C$173 from C$156 and initiated an “outperform” rating. Canaccord raised its target to C$197 from C$185 and maintained a “buy” rating, implying the most significant potential upside among the latest revisions. Scotiabank also increased its target to C$187 from C$180 with a “sector outperform” rating. Analyst rating changes
• Neutral Sentiment: Analyst opinion remains mixed. CIBC raised its target to C$187 from C$184 but kept a “neutral” rating, suggesting that the higher target does not necessarily signal strong conviction. Analysts’ differing views reflect uncertainty over how much of the earnings improvement is already reflected in TD’s valuation. CIBC analyst rating
• Negative Sentiment: Some firms still see limited or negative upside. Jefferies raised its target to C$164 from C$159, below the recent trading level, while Barclays increased its target to C$167 from C$164 and maintained an “underweight” rating. These views could limit gains if investors focus on valuation or potential normalization in bank earnings. Jefferies and Barclays analyst ratings

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.