Toronto-Dominion Bank (TSE:TD) Stock Rating Upgraded by Raymond James Financial

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by Raymond James Financial from a “hold” rating to a “moderate buy” rating in a research note issued on Tuesday,Zacks.com reports.

TD has been the topic of several other reports. Jefferies Financial Group decreased their price target on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research report on Wednesday, February 11th. Barclays upped their price objective on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a research report on Friday, February 27th. Canaccord Genuity Group upped 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 report on Monday, March 9th. BMO Capital Markets upped 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 report on Friday, February 27th. Finally, Royal Bank Of Canada decreased their price objective 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 research 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. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of “Moderate Buy” and a consensus target price of C$140.42.

Toronto-Dominion Bank Stock Up 0.8%

Shares of TD opened at C$147.59 on Tuesday. The business’s 50-day moving average price is C$136.54 and its 200-day moving average price is C$128.89. Toronto-Dominion Bank has a twelve month low of C$88.50 and a twelve month high of C$149.08. The stock has a market cap of C$246.30 billion, a PE ratio of 11.95, a P/E/G ratio of 1.22 and a beta of 0.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%.The firm had revenue of C$16.63 billion for the quarter. Analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

About Toronto-Dominion Bank

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.