Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$124.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective raised by National Bankshares from C$116.00 to C$124.00 in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other research analysts have also commented on the company. Bank of America lifted their price target on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research report on Friday. Desjardins increased their price objective on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, August 29th. Raymond James Financial set a C$119.00 target price on shares of Toronto-Dominion Bank and gave the company a “market perform” rating in a report on Tuesday, November 25th. Canaccord Genuity Group upped their price target on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Friday. Finally, CIBC increased their price target on shares of Toronto-Dominion Bank from C$112.00 to C$122.00 in a research note on Wednesday, November 19th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$120.00.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD opened at C$122.20 on Friday. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$122.24. The firm has a market capitalization of C$208.62 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.22 and a beta of 0.98. The company’s fifty 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 issued its quarterly earnings data 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 for the quarter. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 31st were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $4.20 annualized dividend and a dividend yield of 3.4%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 35.70%.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, insider Ajai Bambawale sold 39,376 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total value of C$4,412,868.32. Also, Director Nathalie Palladitcheff acquired 1,000 shares of the business’s stock in a transaction 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 transaction, the director owned 3,292 shares in the company, valued at C$370,810.88. The trade was a 43.63% increase in their position. Over the last quarter, insiders sold 84,384 shares of company stock worth $9,456,915. 0.08% of the stock is currently owned by insiders.

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.