Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$130.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price boosted by Jefferies Financial Group from C$125.00 to C$130.00 in a research report report published on Friday morning,BayStreet.CA reports.

TD has been the topic of a number of other reports. National Bankshares set a C$100.00 price objective on Toronto-Dominion Bank and gave the company a “sector perform” rating in a research report on Monday, September 22nd. CIBC lifted 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. Scotiabank set a C$114.00 price objective on shares of Toronto-Dominion Bank and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. Desjardins lifted their target price on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Barclays upped their target price on shares of Toronto-Dominion Bank from C$100.00 to C$114.00 and gave the company an “underweight” rating in a research note on Monday, November 24th. Five 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$120.00.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD opened at C$122.20 on Friday. The stock’s 50-day moving average is C$114.18 and its 200-day moving average is C$105.67. The company has a market cap 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. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$122.24.

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 for the quarter. The business had revenue of C$16.03 billion during the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%. As a group, equities analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current 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 of this dividend was Friday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 35.70%.

Insider Activity at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Nathalie Palladitcheff purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the transaction, the director directly owned 3,292 shares in the company, valued at approximately C$370,810.88. The trade was a 43.63% increase in their ownership of the stock. Also, insider Ajai Bambawale sold 7,328 shares of the firm’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$821,248.96. Following the sale, the insider directly owned 800 shares of the company’s stock, valued at C$89,656. This represents a 90.16% decrease in their ownership of the stock. In the last ninety days, insiders have sold 84,384 shares of company stock valued at $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.