Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$138.00 at Raymond James Financial

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target boosted by equities researchers at Raymond James Financial from C$122.00 to C$138.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 5.74% from the stock’s previous close.

TD has been the topic of several other reports. UBS Group upped their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Monday, December 8th. National Bank Financial raised shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$124.00 to C$134.00 in a research note on Thursday, December 18th. Canadian Imperial Bank of Commerce downgraded Toronto-Dominion Bank from an “outperform” rating to a “hold” rating and raised their target price for the company from C$129.00 to C$136.00 in a research note on Friday. BMO Capital Markets raised their price objective on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a report on Wednesday, December 17th. Finally, Barclays lifted their price target on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the stock an “underweight” rating in a research note on Friday, December 5th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$133.00.

Toronto-Dominion Bank Trading Up 0.4%

TD traded up C$0.58 during midday trading on Tuesday, hitting C$130.51. 1,323,553 shares of the company were exchanged, compared to its average volume of 7,443,551. The firm has a market capitalization of C$218.84 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. The company’s 50 day simple moving average is C$129.37 and its 200 day simple moving average is C$116.66. Toronto-Dominion Bank has a 1-year low of C$78.06 and a 1-year high of C$134.50.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued 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 business had revenue of C$16.03 billion for the quarter. On average, equities analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Company Profile

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.