Toronto-Dominion Bank (TSE:TD) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$120.85 and traded as high as C$131.03. Toronto-Dominion Bank shares last traded at C$130.29, with a volume of 4,007,995 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group boosted their price target on Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday, December 8th. Bank of America lifted their price objective on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a research report on Friday, December 5th. BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Canaccord Genuity Group boosted their target price on shares of Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Finally, Scotiabank upped their target price on shares of Toronto-Dominion Bank from C$132.00 to C$142.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$139.83.

Toronto-Dominion Bank Price Performance

The business has a 50-day moving average of C$130.78 and a 200 day moving average of C$120.85. The company has a market capitalization of C$217.75 billion, a PE ratio of 10.55, a P/E/G ratio of 1.22 and a beta of 0.98.

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