Raymond James Financial Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price increased by stock analysts at Raymond James Financial from C$152.50 to C$155.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential downside of 0.04% from the stock’s previous close.

Several other research analysts also recently commented on TD. BMO Capital Markets lifted their target price on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Canaccord Genuity Group lifted their target price on shares of Toronto-Dominion Bank from C$158.00 to C$169.00 and gave the stock a “buy” rating in a report on Friday. Barclays lifted their target price on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a report on Friday. National Bank Financial raised their price target on shares of Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Royal Bank Of Canada decreased their price target on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$148.50.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded down C$1.12 during midday trading on Friday, reaching C$155.06. 2,101,841 shares of the company’s stock traded hands, compared to its average volume of 5,957,233. The company has a market cap of C$258.77 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The company’s 50 day simple moving average is C$141.50 and its 200 day simple moving average is C$132.07. Toronto-Dominion Bank has a 52 week low of C$94.05 and a 52 week high of C$157.70.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. The business had revenue of C$16.04 billion for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. As a group, equities research analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Company Profile

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.