Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$138.00 by Analysts at Royal Bank Of Canada

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price trimmed by Royal Bank Of Canada from C$148.00 to C$138.00 in a research report report published on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Raymond James Financial increased their price target on shares of Toronto-Dominion Bank from C$138.00 to C$141.00 and gave the stock a “market perform” rating in a research note on Friday, February 27th. UBS Group upped their price objective on Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday, December 8th. Desjardins increased their target price on Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Canaccord Genuity Group lifted their target price on Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, Barclays boosted their price target on Toronto-Dominion Bank from C$133.00 to C$135.00 in a research report on Friday, February 27th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$139.00.

Toronto-Dominion Bank Price Performance

TD opened at C$130.32 on Wednesday. Toronto-Dominion Bank has a 12 month low of C$78.06 and a 12 month high of C$136.49. The business has a 50-day moving average of C$130.56 and a two-hundred day moving average of C$121.99. The stock has a market capitalization of C$217.48 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. The business had revenue of C$16.63 billion for the quarter. Equities research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current 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.