Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective hoisted by stock analysts at Royal Bank Of Canada from C$128.00 to C$133.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 1.74% from the stock’s current price.

Several other brokerages also recently issued reports on TD. Raymond James Financial boosted their target price on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. Canaccord Genuity Group lifted their price target on Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Friday, December 5th. Bank of America increased their price objective on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research note on Friday, December 5th. CIBC lifted their target price on Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Finally, Scotiabank upped their target price on Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the company a “sector perform” rating in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$128.58.

Toronto-Dominion Bank Trading Down 1.2%

TSE TD opened at C$130.73 on Monday. The stock’s 50-day moving average price is C$121.06 and its two-hundred day moving average price is C$110.67. The company has a market cap of C$220.87 billion, a PE ratio of 11.31, a PEG ratio of 1.22 and a beta of 1.03. Toronto-Dominion Bank has a 1 year low of C$76.33 and a 1 year high of C$132.72.

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

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.