Toronto-Dominion Bank (TSE:TD) PT Raised to C$87.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target upped by equities research analysts at Cormark from C$86.00 to C$87.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Cormark’s price objective would indicate a potential upside of 7.62% from the stock’s previous close.

Several other research analysts have also recently commented on TD. CIBC raised Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$83.50 to C$88.00 in a research report on Friday, May 24th. Royal Bank of Canada boosted their target price on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. UBS Group set a C$82.00 target price on shares of Toronto-Dominion Bank and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. Finally, BMO Capital Markets cut their price objective on Toronto-Dominion Bank from C$86.00 to C$84.00 and set a “market perform” rating for the company in a research report on Friday, May 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$86.90.

Toronto-Dominion Bank Price Performance

TSE:TD traded down C$0.16 during midday trading on Tuesday, reaching C$80.84. The stock had a trading volume of 729,213 shares, compared to its average volume of 7,137,585. The stock has a market capitalization of C$142.28 billion, a P/E ratio of 13.55, a PEG ratio of 1.08 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.67 and a 1-year high of C$86.89. The firm’s fifty day simple moving average is C$77.47 and its 200-day simple moving average is C$78.69.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share for the quarter, beating the consensus estimate of C$1.84 by C$0.20. The firm had revenue of C$13.82 billion during the quarter, compared to the consensus estimate of C$13.38 billion. Toronto-Dominion Bank had a return on equity of 9.89% and a net margin of 21.91%. On average, equities research analysts anticipate that Toronto-Dominion Bank will post 8.3985432 earnings per share for the current fiscal year.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.