Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$128.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective hoisted by Royal Bank Of Canada from C$120.00 to C$128.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on TD. CIBC upped their target price on shares of Toronto-Dominion Bank from C$112.00 to C$122.00 in a report on Wednesday, November 19th. Scotiabank set a C$114.00 price target on shares of Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. National Bankshares set a C$100.00 price objective on shares of Toronto-Dominion Bank and gave the company a “sector perform” rating in a report on Monday, September 22nd. Desjardins raised their target price on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$102.00 to C$107.00 in a report on Tuesday, September 30th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$120.00.

Toronto-Dominion Bank Stock Up 1.8%

TD opened at C$122.20 on Friday. The company has a market cap of C$208.62 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$122.24. The company has a 50-day moving average price of C$114.18 and a 200 day moving average price of C$105.67.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted 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. As a group, sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 31st were given a $1.05 dividend. 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%.

Insider Buying and Selling

In other news, insider Ajai Bambawale sold 7,328 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 transaction of C$821,248.96. Following the completion of the sale, the insider directly owned 800 shares of the company’s stock, valued at C$89,656. The trade was a 90.16% decrease in their position. Also, Director Nathalie Palladitcheff bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the completion of the transaction, the director directly owned 3,292 shares in the company, valued at approximately C$370,810.88. This trade represents a 43.63% increase in their position. Over the last 90 days, insiders sold 84,384 shares of company stock valued at $9,456,915. 0.08% of the stock is owned by insiders.

Toronto-Dominion Bank Company Profile

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.