Toronto-Dominion Bank (TSE:TD) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$115.22 and traded as high as C$132.10. Toronto-Dominion Bank shares last traded at C$131.99, with a volume of 8,236,052 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on TD. Canaccord Genuity Group increased their price target on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Friday, December 5th. Bank of America upped their target price on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research report on Friday, December 5th. Barclays raised their price target on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the stock an “underweight” rating in a research report on Friday, December 5th. Natl Bk Canada upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Finally, UBS Group boosted their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Monday, December 8th. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$129.17.

Toronto-Dominion Bank Stock Performance

The company has a market cap of C$221.32 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 1.22 and a beta of 1.00. The company has a fifty day moving average of C$127.94 and a two-hundred day moving average of C$115.22.

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