Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by stock analysts at Royal Bank Of Canada from C$133.00 to C$148.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 11.64% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Bank of America increased their price target on Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. Canadian Imperial Bank of Commerce upped their price target on shares of Toronto-Dominion Bank from C$136.00 to C$140.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group boosted their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Scotiabank raised their target price on shares of Toronto-Dominion Bank from C$125.00 to C$132.00 in a research note on Friday, January 9th. Finally, Desjardins boosted their target price on Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the stock a “buy” rating in a report on Friday. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Toronto-Dominion Bank presently has an average rating of “Moderate Buy” and a consensus target price of C$139.50.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded down C$2.57 during midday trading on Friday, hitting C$132.57. The company had a trading volume of 2,044,466 shares, compared to its average volume of 6,765,620. Toronto-Dominion Bank has a 1-year low of C$78.06 and a 1-year high of C$136.49. The business’s 50 day simple moving average is C$130.33 and its two-hundred day simple moving average is C$118.18. The stock has a market cap of C$222.29 billion, a PE ratio of 11.47, a P/E/G ratio of 1.22 and a beta of 1.00.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. The business had revenue of C$16.63 billion during the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. On average, sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.