Toronto-Dominion Bank (TSE:TD) Upgraded by Desjardins to “Moderate Buy” Rating

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by Desjardins from a “hold” rating to a “moderate buy” rating in a report issued on Wednesday, Marketbeat reports. The firm presently has a C$107.00 price objective on the stock, up from their previous price objective of C$97.00. Desjardins’ target price would indicate a potential upside of 4.63% from the stock’s previous close. Desjardins also issued estimates for Toronto-Dominion Bank’s Q3 2025 earnings at $2.02 EPS, FY2025 earnings at $8.00 EPS and FY2026 earnings at $8.70 EPS.

Several other equities research analysts have also issued reports on TD. CIBC lifted their target price on shares of Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an “outperform” rating in a research report on Thursday, June 5th. Canaccord Genuity Group set a C$101.00 target price on Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Tuesday, June 24th. National Bankshares set a C$80.00 price target on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research note on Thursday, May 22nd. Scotiabank raised Toronto-Dominion Bank to a “hold” rating in a research note on Wednesday, May 14th. Finally, Barclays increased their price objective on Toronto-Dominion Bank from C$83.00 to C$91.00 in a research note on Monday, June 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Hold” and an average target price of C$93.85.

Toronto-Dominion Bank Trading Down 0.7%

Shares of TSE TD traded down C$0.72 during mid-day trading on Wednesday, hitting C$102.27. The company had a trading volume of 469,116 shares, compared to its average volume of 7,661,150. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$103.11. The company has a market capitalization of C$179.42 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 1.22 and a beta of 0.82. The stock’s 50-day moving average price is C$100.03 and its 200-day moving average price is C$91.03.

Insider Activity

In other Toronto-Dominion Bank news, Director Ana Arsov bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were bought at an average price of C$94.49 per share, with a total value of C$283,470.00. Also, Director Theresa Lynn Currie sold 48,792 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$94.64, for a total value of C$4,617,674.88. Following the transaction, the director owned 163 shares of the company’s stock, valued at C$15,426.32. This represents a 99.67% decrease in their position. Over the last quarter, insiders sold 81,612 shares of company stock worth $7,748,610. 0.08% of the stock is currently owned by corporate insiders.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.