National Bank Financial Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price hoisted by National Bank Financial from C$134.00 to C$138.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently issued reports on the company. Jefferies Financial Group reduced their price objective on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research report on Wednesday, February 11th. UBS Group lifted their target price on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Royal Bank Of Canada boosted their price target on Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Desjardins raised their price target on Toronto-Dominion Bank from C$133.00 to C$139.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Barclays lifted their price objective on shares of Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a research note on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$133.00.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD opened at C$130.40 on Tuesday. The company’s fifty day moving average is C$129.51 and its two-hundred day moving average is C$116.87. Toronto-Dominion Bank has a 1-year low of C$78.06 and a 1-year high of C$134.50. The stock has a market capitalization of C$218.65 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00.

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