Jefferies Financial Group Issues Pessimistic Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective decreased by equities research analysts at Jefferies Financial Group from C$130.00 to C$128.00 in a research note issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential downside of 1.67% from the company’s current price.

Other analysts have also issued research reports about the company. Desjardins increased their price objective on Toronto-Dominion Bank from C$133.00 to C$139.00 and gave the company a “buy” rating in a research note on Monday. Natl Bk Canada raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Bank of America upped their price objective on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. Canadian Imperial Bank of Commerce 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 report on Thursday, December 11th. Finally, BMO Capital Markets upped their price target on Toronto-Dominion Bank from C$128.00 to C$135.00 in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$130.75.

Toronto-Dominion Bank Trading Down 1.4%

TD stock opened at C$130.18 on Wednesday. The company’s 50 day moving average is C$129.06 and its 200 day moving average is C$116.05. The stock has a market cap of C$218.28 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. Toronto-Dominion Bank has a 1-year low of C$78.06 and a 1-year high of C$134.50.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. The business had revenue of C$16.03 billion during the quarter. As a group, sell-side analysts forecast 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.