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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by BMO Capital Markets from C$120.00 to C$128.00 in a research report report published on Friday morning,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on TD. 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. Canaccord Genuity Group upped their target price on Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Friday. Desjardins increased their target price on 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. Jefferies Financial Group lifted their price target on Toronto-Dominion Bank from C$125.00 to C$130.00 in a research report on Friday. Finally, Royal Bank Of Canada upped their price target on Toronto-Dominion Bank from C$120.00 to C$128.00 in a research note on Friday. 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 company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$120.00.

Toronto-Dominion Bank Stock Up 1.8%

Shares of TD stock opened at C$122.20 on Friday. The stock has a fifty day moving average of C$114.18 and a 200 day moving average of C$105.67. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$122.24. The firm 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 (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 net margin of 15.80% and a return on equity of 7.84%. The business had revenue of C$16.03 billion for the quarter. Equities research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Announces Dividend

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

Insider Activity at Toronto-Dominion Bank

In related news, Director Nathalie Palladitcheff bought 1,000 shares of the company’s stock in a transaction on Monday, October 6th. The shares were acquired at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the acquisition, the director owned 3,292 shares of the company’s stock, valued at C$370,810.88. The trade was a 43.63% increase in their position. Also, insider Ajai Bambawale sold 7,328 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total value of C$821,248.96. Following the completion of the sale, the insider directly owned 800 shares in the company, valued at approximately C$89,656. This represents a 90.16% decrease in their ownership of the stock. Insiders sold a total of 84,384 shares of company stock worth $9,456,915 in the last 90 days. 0.08% of the stock is currently owned by company 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.