The Toronto-Dominion Bank (TSE:TD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$129.17.

Several research firms recently issued reports on TD. Barclays increased their target price on shares of Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the stock an “underweight” rating in a report on Friday, December 5th. Raymond James Financial upped their price target on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the stock a “market perform” rating in a research report on Friday, December 5th. Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Friday, December 5th. Royal Bank Of Canada raised their price objective on shares of Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Finally, CIBC lifted their target price on shares of Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th.

Toronto-Dominion Bank Price Performance

Shares of TD stock opened at C$127.99 on Friday. The company has a market cap of C$214.61 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.22 and a beta of 1.03. Toronto-Dominion Bank has a 1 year low of C$78.06 and a 1 year high of C$132.72. The firm has a fifty day moving average price of C$126.36 and a 200-day moving average price of C$114.03.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%.The company had revenue of C$16.03 billion for the quarter. Equities research analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

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.