Toronto-Dominion Bank (TSE:TD) Stock Rating Upgraded by Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by equities researchers at Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a C$93.00 target price on the stock, up from their prior target price of C$86.00. Scotiabank’s price target indicates a potential upside of 17.95% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Desjardins cut their price target on shares of Toronto-Dominion Bank from C$96.00 to C$94.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. CIBC cut their price target on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Bank of America decreased their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 in a report on Wednesday, February 14th. BMO Capital Markets boosted their price objective on Toronto-Dominion Bank from C$81.00 to C$86.00 in a research note on Friday, April 5th. Finally, Canaccord Genuity Group boosted their price objective on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank presently has an average rating of “Moderate Buy” and a consensus target price of C$91.02.

Toronto-Dominion Bank Stock Up 0.7 %

Toronto-Dominion Bank stock opened at C$78.85 on Wednesday. The stock has a market cap of C$139.56 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.08 and a beta of 0.83. Toronto-Dominion Bank has a twelve month low of C$75.89 and a twelve month high of C$87.10. The company’s 50-day moving average price is C$80.55 and its two-hundred day moving average price is C$81.40.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, February 29th. The company reported C$2.00 EPS for the quarter, topping the consensus estimate of C$1.93 by C$0.07. The company had revenue of C$13.71 billion for the quarter, compared to analysts’ expectations of C$12.63 billion. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. Equities analysts anticipate that Toronto-Dominion Bank will post 7.8683417 earnings per share for the current fiscal year.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.