Canaccord Genuity Group Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by Canaccord Genuity Group from C$131.00 to C$141.00 in a research note released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Scotiabank lifted their price target on shares of Toronto-Dominion Bank from C$125.00 to C$132.00 in a research note on Friday, January 9th. Natl Bk Canada upgraded Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. National Bank Financial raised Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$124.00 to C$134.00 in a research report on Thursday, December 18th. BMO Capital Markets increased their price target on Toronto-Dominion Bank from C$128.00 to C$135.00 in a research report on Wednesday, December 17th. Finally, Raymond James Financial raised their price target on Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$130.75.

Toronto-Dominion Bank Stock Down 1.4%

Shares of Toronto-Dominion Bank stock opened at C$130.18 on Thursday. Toronto-Dominion Bank has a twelve month low of C$78.06 and a twelve month high of C$134.50. The business has a 50-day moving average price of C$129.06 and a 200-day moving average price of C$116.05. The firm has a market cap of C$218.28 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.22 and a beta of 1.00.

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

Toronto-Dominion Bank Company Profile

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.