Toronto-Dominion Bank (TD) Price Target Raised to C$79.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by stock analysts at BMO Capital Markets from C$76.00 to C$79.00 in a report issued on Monday. BMO Capital Markets’ target price would indicate a potential upside of 8.95% from the company’s previous close.

TD has been the topic of several other reports. CSFB lifted their price target on Toronto-Dominion Bank from C$79.00 to C$80.00 in a research report on Tuesday, January 30th. National Bank Financial lifted their price target on Toronto-Dominion Bank from C$78.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. CIBC raised Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$79.00 to C$84.00 in a research report on Thursday. Eight Capital lifted their price target on Toronto-Dominion Bank from C$73.00 to C$76.00 in a research report on Friday, December 1st. Finally, Canaccord Genuity lifted their price target on Toronto-Dominion Bank from C$78.00 to C$80.00 in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$76.83.

Shares of Toronto-Dominion Bank (TSE TD) traded down C$1.43 during mid-day trading on Monday, hitting C$72.51. The company had a trading volume of 2,545,474 shares, compared to its average volume of 3,060,729. Toronto-Dominion Bank has a 1-year low of C$61.50 and a 1-year high of C$75.21. The company has a market cap of $134,130.00, a P/E ratio of 13.20 and a beta of 0.55.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, November 30th. The company reported C$1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.41 by C($0.05). Toronto-Dominion Bank had a net margin of 28.14% and a return on equity of 15.43%. The company had revenue of C$9.27 billion during the quarter, compared to the consensus estimate of C$9.03 billion.

In other news, insider Robert E. Dorrance sold 374,400 shares of Toronto-Dominion Bank stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$73.69, for a total transaction of C$27,589,536.00. Also, insider Theresa Lynn Currie sold 59,560 shares of Toronto-Dominion Bank stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of C$72.64, for a total value of C$4,326,438.40.

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Toronto-Dominion Bank Company Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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