Scotiabank Forecasts Strong Price Appreciation for Toronto-Dominion Bank (TSE:TD) Stock

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective raised by Scotiabank from C$125.00 to C$132.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 0.63% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. National Bankshares upgraded Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$124.00 to C$134.00 in a research note on Thursday, December 18th. BMO Capital Markets upped their price objective on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a research note on Wednesday, December 17th. Natl Bk Canada upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Jefferies Financial Group upped their price target on Toronto-Dominion Bank from C$125.00 to C$130.00 in a research note on Friday, December 5th. Finally, Desjardins increased their price target on shares of Toronto-Dominion Bank from C$126.00 to C$133.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$129.17.

Toronto-Dominion Bank Trading Up 0.0%

TD stock opened at C$131.17 on Friday. Toronto-Dominion Bank has a 1-year low of C$76.33 and a 1-year high of C$132.72. The firm has a market capitalization of C$220.20 billion, a PE ratio of 11.35, a PEG ratio of 1.22 and a beta of 1.03. The business’s 50 day simple moving average is C$122.03 and its 200 day simple moving average is C$111.27.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results 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 business had revenue of C$16.03 billion during the quarter. As a group, sell-side analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

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.