National Bankshares Upgrades Toronto-Dominion Bank (TSE:TD) to “Outperform”

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a C$134.00 price objective on the stock, up from their prior price objective of C$124.00. National Bankshares’ price objective indicates a potential upside of 4.83% from the stock’s previous close.

TD has been the subject of a number of other reports. Raymond James Financial increased their price objective on Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a report on Friday, December 5th. Barclays lifted their price objective on shares of Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a research note on Friday, December 5th. Scotiabank upped their price target on Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the stock a “sector perform” rating in a research note on Friday, December 5th. UBS Group raised their price objective on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Finally, Canaccord Genuity Group boosted their price objective on Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Friday, December 5th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$128.17.

Toronto-Dominion Bank Stock Performance

Shares of TD stock traded up C$2.04 during trading on Thursday, hitting C$127.82. The company had a trading volume of 2,014,893 shares, compared to its average volume of 7,040,535. The firm has a market capitalization of C$223.92 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a one year low of C$73.73 and a one year high of C$128.24. The stock’s 50-day moving average price is C$116.28 and its 200 day moving average price is C$107.34.

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

Insider Transactions at Toronto-Dominion Bank

In other news, insider Ajai Bambawale sold 39,376 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$4,412,868.32. Also, Director Nathalie Palladitcheff bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the acquisition, the director directly owned 3,292 shares of the company’s stock, valued at C$370,810.88. The trade was a 43.63% increase in their ownership of the stock. Over the last three months, insiders have sold 84,384 shares of company stock valued at $9,456,915. 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.