Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$151.00 at Canadian Imperial Bank of Commerce

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price hoisted by stock analysts at Canadian Imperial Bank of Commerce from C$142.00 to C$151.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 1.88% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Raymond James Financial upgraded Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$141.00 to C$152.50 in a research note on Tuesday. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from C$142.00 to C$150.00 in a report on Monday, May 4th. Canaccord Genuity Group lifted their price target on shares of Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the company a “buy” rating in a report on Monday, March 9th. Barclays lifted their price target on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a report on Friday, February 27th. Finally, Jefferies Financial Group cut their price target on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of C$142.13.

Toronto-Dominion Bank Stock Performance

Shares of TD stock traded up C$2.05 during trading hours on Thursday, hitting C$148.21. The company had a trading volume of 1,286,082 shares, compared to its average volume of 6,213,559. Toronto-Dominion Bank has a 12 month low of C$89.34 and a 12 month high of C$149.08. The firm has a market capitalization of C$247.34 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.22 and a beta of 0.92. The firm’s fifty day moving average is C$136.78 and its 200 day moving average is C$129.12.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released 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 return on equity of 17.26% and a net margin of 19.11%.The company had revenue of C$16.63 billion for the quarter. On average, sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS 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.