Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$118.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by Barclays from C$114.00 to C$118.00 in a research report released on Friday morning,BayStreet.CA reports. Barclays currently has an underweight rating on the stock.

A number of other analysts also recently issued reports on the stock. Canaccord Genuity Group increased their price target on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Friday. Desjardins upped their price objective on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Bank of America raised their target price on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research report on Friday. Royal Bank Of Canada lifted their price target on Toronto-Dominion Bank from C$120.00 to C$128.00 in a research note on Friday. Finally, Scotiabank increased their price target on Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the stock a “sector perform” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$120.00.

Toronto-Dominion Bank Stock Up 1.8%

Shares of TD opened at C$122.20 on Friday. The company has a market capitalization of C$208.62 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$122.24. The stock’s 50-day moving average price is C$114.18 and its 200-day moving average price is C$105.67.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%.The company had revenue of C$16.03 billion during the quarter. As a group, equities analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, October 10th. Toronto-Dominion Bank’s payout ratio is 35.70%.

Insider Activity at Toronto-Dominion Bank

In other news, insider Ajai Bambawale sold 39,376 shares of Toronto-Dominion Bank stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total value of C$4,412,868.32. Also, Director Nathalie Palladitcheff purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were purchased at an average price of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the transaction, the director directly owned 3,292 shares of the company’s stock, valued at C$370,810.88. This represents a 43.63% increase in their position. In the last 90 days, insiders sold 84,384 shares of company stock worth $9,456,915. Company insiders own 0.08% of the company’s stock.

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.