Stifel Nicolaus Boosts Toronto-Dominion Bank (NYSE:TD) Price Target to C$97.00

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) had its price objective increased by equities research analysts at Stifel Nicolaus from C$95.00 to C$97.00 in a research note issued to investors on Friday, The Fly reports.

A number of other brokerages also recently weighed in on TD. Credit Suisse Group raised their target price on Toronto-Dominion Bank from C$102.00 to C$103.00 in a report on Friday. Scotiabank reduced their target price on Toronto-Dominion Bank from C$105.00 to C$102.00 in a report on Friday, May 20th. National Bank Financial raised their target price on Toronto-Dominion Bank from C$100.00 to C$102.00 in a report on Friday. StockNews.com began coverage on Toronto-Dominion Bank in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, CIBC lowered Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating in a research report on Monday, April 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $99.19.

NYSE:TD traded up $0.43 on Friday, hitting $75.06. The company’s stock had a trading volume of 49,330 shares, compared to its average volume of 2,516,245. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $75.30 and a two-hundred day moving average of $77.06. The firm has a market capitalization of $135.61 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96. Toronto-Dominion Bank has a one year low of $62.81 and a one year high of $86.01.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last announced its earnings results on Thursday, May 26th. The bank reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.45. The company had revenue of $11.26 billion for the quarter, compared to analyst estimates of $10.18 billion. Toronto-Dominion Bank had a return on equity of 16.18% and a net margin of 30.57%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 earnings per share. As a group, sell-side analysts anticipate that Toronto-Dominion Bank will post 6.27 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Fairfield Bush & CO. acquired a new position in Toronto-Dominion Bank during the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $27,000. Column Capital Advisors LLC boosted its stake in shares of Toronto-Dominion Bank by 830.0% in the 4th quarter. Column Capital Advisors LLC now owns 372 shares of the bank’s stock worth $29,000 after buying an additional 332 shares during the last quarter. Vigilant Capital Management LLC purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $31,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 50.00% of the company’s stock.

Toronto-Dominion Bank Company Profile (Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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