Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$157.00 at National Bank Financial

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lifted by stock analysts at National Bank Financial from C$146.00 to C$157.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 6.54% from the company’s previous close.

TD has been the subject of several other research reports. Barclays lifted their price objective on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a research note on Friday, February 27th. Canaccord Genuity Group lifted their price objective on shares of Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. BMO Capital Markets lifted their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from C$142.00 to C$150.00 in a report on Monday, May 4th. Finally, Royal Bank Of Canada decreased their target price on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$143.04.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded down C$1.24 during midday trading on Friday, hitting C$147.36. The company’s stock had a trading volume of 1,488,827 shares, compared to its average volume of 6,179,211. Toronto-Dominion Bank has a 1-year low of C$89.34 and a 1-year high of C$149.08. The company has a 50-day moving average price of C$137.08 and a two-hundred day moving average price of C$129.37. The company has a market cap of C$245.92 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.22 and a beta of 0.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. The business had revenue of C$16.63 billion during the quarter. Sell-side analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS 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.