The Toronto-Dominion Bank (TSE:TD) Receives Average Rating of “Hold” from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$134.25.

TD has been the topic of a number of recent research reports. Bank of America upped their price objective on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research report on Friday, December 5th. Canadian Imperial Bank of Commerce lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “hold” rating and upped their target price for the stock from C$129.00 to C$136.00 in a research note on Friday, February 13th. National Bank Financial raised their target price on shares of Toronto-Dominion Bank from C$134.00 to C$138.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Desjardins lifted their price target on shares of Toronto-Dominion Bank from C$133.00 to C$139.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Canaccord Genuity Group raised their price objective on shares of Toronto-Dominion Bank from C$131.00 to C$141.00 and gave the company a “buy” rating in a report on Thursday, February 12th.

Toronto-Dominion Bank Trading Down 1.1%

TSE:TD opened at C$131.30 on Tuesday. The stock has a 50 day moving average of C$129.95 and a two-hundred day moving average of C$117.75. Toronto-Dominion Bank has a 12 month low of C$78.06 and a 12 month high of C$134.50. The firm has a market cap of C$220.16 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00.

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