Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$164.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price raised by Jefferies Financial Group from C$159.00 to C$164.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

A number of other analysts have also issued reports on the company. Scotiabank raised their target price on Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the company a “sector outperform” rating in a report on Tuesday, June 16th. Keefe, Bruyette & Woods set a C$180.00 price objective on Toronto-Dominion Bank and gave the company a “hold” rating in a research report on Friday, August 21st. Canadian Imperial Bank of Commerce raised their price objective on shares of Toronto-Dominion Bank from C$164.00 to C$184.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Raymond James Financial boosted their target price on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, Barclays upped their target price on shares of Toronto-Dominion Bank from C$140.00 to C$164.00 in a research note on Friday, August 21st. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$170.46.

Toronto-Dominion Bank Price Performance

TD stock opened at C$168.61 on Friday. The stock has a market capitalization of C$276.27 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. The company has a 50-day moving average of C$169.29 and a two-hundred day moving average of C$151.68. Toronto-Dominion Bank has a 52-week low of C$100.43 and a 52-week high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%.The business had revenue of C$16.93 billion for the quarter. Equities analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were issued a $1.12 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, July 10th. This represents a $4.48 annualized dividend and a yield of 2.7%. Toronto-Dominion Bank’s payout ratio is currently 46.36%.

Insider Buying and Selling

In other news, insider Kelvin Vi Luan Tran sold 8,498 shares of Toronto-Dominion Bank stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the sale, the insider owned 26,677 shares of the company’s stock, valued at approximately C$4,177,884.97. This trade represents a 24.16% decrease in their position. Also, insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the sale, the insider owned 260 shares in the company, valued at approximately C$41,917.20. This represents a 99.07% decrease in their ownership of the stock. 0.08% of the stock is currently owned by company insiders.

Key Toronto-Dominion Bank News

Here are the key news stories impacting Toronto-Dominion Bank this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. TD reported fiscal third-quarter earnings of C$2.77 per share on C$16.93 billion in revenue, with results benefiting from strength in Canadian banking, U.S. retail and wholesale banking. The bank posted a 13.21% net margin and 11.85% return on equity. TD Bank Q3 earnings beat TD Beats Estimates as Markets Lift Big Canadian Bank Earnings
• Positive Sentiment: Several analysts raised their price targets. RBC lifted its target to C$173 from C$156 and initiated an “outperform” rating. Canaccord raised its target to C$197 from C$185 and maintained a “buy” rating, implying the most significant potential upside among the latest revisions. Scotiabank also increased its target to C$187 from C$180 with a “sector outperform” rating. Analyst rating changes
• Neutral Sentiment: Analyst opinion remains mixed. CIBC raised its target to C$187 from C$184 but kept a “neutral” rating, suggesting that the higher target does not necessarily signal strong conviction. Analysts’ differing views reflect uncertainty over how much of the earnings improvement is already reflected in TD’s valuation. CIBC analyst rating
• Negative Sentiment: Some firms still see limited or negative upside. Jefferies raised its target to C$164 from C$159, below the recent trading level, while Barclays increased its target to C$167 from C$164 and maintained an “underweight” rating. These views could limit gains if investors focus on valuation or potential normalization in bank earnings. Jefferies and Barclays analyst ratings

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.