The Toronto-Dominion Bank (TSE:TD) Receives Average Recommendation of “Moderate Buy” from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$139.83.

A number of research analysts have recently commented on the stock. Raymond James Financial upped 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 report on Friday, February 27th. Desjardins boosted their price objective on shares of Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce upped their target price on shares of Toronto-Dominion Bank from C$140.00 to C$142.00 in a research note on Thursday, March 5th. Barclays raised their target price on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a research report on Friday, February 27th. Finally, Scotiabank lifted their price target on shares of Toronto-Dominion Bank from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Friday, February 27th.

Toronto-Dominion Bank Stock Down 2.0%

TD opened at C$126.11 on Friday. The business has a fifty day moving average of C$130.63 and a 200 day moving average of C$121.32. The stock has a market cap of C$210.46 billion, a P/E ratio of 10.21, a PEG ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a 52-week low of C$78.06 and a 52-week high of C$136.49.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its 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 for the quarter. Equities analysts anticipate 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.