The Toronto-Dominion Bank (TSE:TD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$129.17.

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada raised their price objective on Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Barclays raised their price target on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a report on Friday, December 5th. CIBC upped their price objective on Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Scotiabank increased their target price on Toronto-Dominion Bank from C$125.00 to C$132.00 in a research report on Friday, January 9th. Finally, Canaccord Genuity Group raised their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Friday, December 5th.

Toronto-Dominion Bank Price Performance

Shares of TD opened at C$127.99 on Friday. The firm has a market cap of C$214.61 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. Toronto-Dominion Bank has a 1 year low of C$78.06 and a 1 year high of C$132.72. The company has a 50 day simple moving average of C$126.36 and a two-hundred day simple moving average of C$114.03.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, December 4th. The company reported C$2.18 EPS for the quarter. The firm had revenue of C$16.03 billion for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current 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.