Toronto-Dominion Bank (TSE:TD) Raised to “Overweight” at Barclays

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by Barclays from an “underweight” rating to an “overweight” rating in a report released on Tuesday, BayStreet.CA reports. The firm currently has a C$84.00 price objective on the stock, up from their prior price objective of C$79.00. Barclays‘s price objective points to a potential upside of 11.27% from the company’s previous close.

Several other research firms have also recently weighed in on TD. National Bank Financial increased their price objective on Toronto-Dominion Bank from C$83.00 to C$85.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. BMO Capital Markets increased their price objective on Toronto-Dominion Bank from C$82.00 to C$85.00 in a research report on Friday, May 24th. CIBC increased their price objective on Toronto-Dominion Bank from C$84.00 to C$85.00 in a research report on Friday, May 24th. Desjardins increased their price objective on Toronto-Dominion Bank from C$82.00 to C$83.00 in a research report on Tuesday, May 14th. Finally, CSFB set a C$81.00 price objective on Toronto-Dominion Bank and gave the company an “outperform” rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$85.67.

Toronto-Dominion Bank stock traded up C$0.10 during trading hours on Tuesday, reaching C$75.49. 1,398,137 shares of the company were exchanged, compared to its average volume of 3,487,385. The stock has a market capitalization of $137.90 billion and a P/E ratio of 12.17. Toronto-Dominion Bank has a 12 month low of C$65.56 and a 12 month high of C$80.05.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, May 23rd. The company reported C$1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.67 by C$0.08. The company had revenue of C$10.23 billion for the quarter, compared to the consensus estimate of C$9.68 billion. Analysts expect that Toronto-Dominion Bank will post 7.3800006 EPS for the current year.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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

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