Toronto-Dominion Bank Given Consensus Recommendation of “Hold” by Brokerages (TSE:TD)
Shares of Toronto-Dominion Bank (TSE:TD) have been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the stock, Analyst Ratings News reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$66.05.
A number of research firms have recently commented on TD. Analysts at CIBC raised their price target on shares of Toronto-Dominion Bank from C$58.00 to C$62.00 in a research note on Tuesday, August 12th. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Toronto-Dominion Bank from C$57.00 to C$58.00 in a research note on Monday, May 26th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Toronto-Dominion Bank from C$53.00 to C$54.50 in a research note on Friday, May 23rd. They now have an “outperform” rating on the stock.
Toronto-Dominion Bank (TSE:TD) opened at 56.65 on Wednesday. Toronto-Dominion Bank has a 52-week low of $43.365 and a 52-week high of $57.68. The stock has a 50-day moving average of $55.84 and a 200-day moving average of $52.69. The company has a market cap of $104.3 billion and a price-to-earnings ratio of 15.11.
Toronto-Dominion Bank (TSE:TD) last issued its quarterly earnings data on Friday, May 23rd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. Analysts expect that Toronto-Dominion Bank will post $4.33 EPS for the current fiscal year.
The Toronto-Dominion Bank is a Canada-based bank, offering a range of financial products and services through TD Canada Trust, TD Bank, TD commercial Bank, TD commercial Banking and TD Auto finance.
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