Toronto-Dominion Bank (TSE:TD) Price Target Lowered to C$138.00 at Royal Bank Of Canada

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective dropped by research analysts at Royal Bank Of Canada from C$148.00 to C$138.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 6.27% from the company’s previous close.

TD has been the subject of a number of other reports. UBS Group upped their price target on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Scotiabank upped their target price on shares of Toronto-Dominion Bank from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce increased their target price on shares of Toronto-Dominion Bank from C$140.00 to C$142.00 in a report on Thursday, March 5th. Raymond James Financial lifted their price target on shares of Toronto-Dominion Bank from C$138.00 to C$141.00 and gave the stock a “market perform” rating in a research report on Friday, February 27th. Finally, Bank of America boosted their price target on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$139.00.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded up C$1.16 on Wednesday, hitting C$129.86. 1,653,577 shares of the company’s stock traded hands, compared to its average volume of 6,050,619. The firm’s 50-day moving average price is C$130.55 and its two-hundred day moving average price is C$121.94. The stock has a market capitalization of C$216.71 billion, a PE ratio of 10.51, 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$78.06 and a one year high of C$136.49.

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 return on equity of 17.26% and a net margin of 19.11%. On average, analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share 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.