Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Scotiabank Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lifted by research analysts at Scotiabank from C$150.00 to C$165.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 7.53% from the company’s current price.

Other analysts have also issued reports about the company. BMO Capital Markets boosted their price target on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, February 27th. National Bank Financial upped their target price on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the stock an “outperform” rating in a report on Friday. Canadian Imperial Bank of Commerce upped their target price on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a report on Friday. Royal Bank Of Canada dropped their target price on 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. Finally, Raymond James Financial upped their target price on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the stock an “outperform” rating in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$149.75.

Toronto-Dominion Bank Trading Down 2.7%

Shares of Toronto-Dominion Bank stock traded down C$4.31 during trading on Monday, reaching C$153.44. The stock had a trading volume of 1,999,263 shares, compared to its average volume of 5,967,779. The company has a market capitalization of C$256.07 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.22 and a beta of 0.92. The stock has a fifty day moving average price of C$142.06 and a two-hundred day moving average price of C$132.38. Toronto-Dominion Bank has a 52 week low of C$94.50 and a 52 week high of C$157.75.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. The company had revenue of C$16.04 billion for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.24%. On average, equities analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal 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.