Desjardins Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target upped by investment analysts at Desjardins from C$120.00 to C$126.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 3.29% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. CIBC increased their price objective on Toronto-Dominion Bank from C$112.00 to C$122.00 in a research report on Wednesday, November 19th. National Bankshares upped their target price on Toronto-Dominion Bank from C$116.00 to C$124.00 and gave the company a “sector perform” rating in a report on Friday. Scotiabank increased their price target on Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the company a “sector perform” rating in a research report on Friday. Barclays raised their price objective on shares of Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, Bank of America boosted their target price on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a research note on Friday. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$118.14.

Toronto-Dominion Bank Stock Performance

TSE TD traded up C$1.90 on Friday, reaching C$121.99. The company’s stock had a trading volume of 2,481,790 shares, compared to its average volume of 7,114,264. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$122.24. The firm’s 50 day moving average is C$113.94 and its two-hundred day moving average is C$105.23. The stock has a market cap of C$208.26 billion, a PE ratio of 10.44, a PEG ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, December 4th. The company reported C$2.18 EPS for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. The business had revenue of C$16.03 billion for the quarter. Equities research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Insider Transactions at Toronto-Dominion Bank

In other news, Director Nathalie Palladitcheff bought 1,000 shares of the company’s stock in a transaction on Monday, October 6th. The shares were bought at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the transaction, the director directly owned 3,292 shares in the company, valued at approximately C$370,810.88. This trade represents a 43.63% increase in their position. Also, insider Ajai Bambawale sold 39,376 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total value of C$4,412,868.32. Insiders sold 84,384 shares of company stock worth $9,456,915 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

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.