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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective raised by equities researchers at Desjardins from C$133.00 to C$139.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 4.01% from the company’s current price.

Several other research firms have also issued reports on TD. National Bankshares raised shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$124.00 to C$134.00 in a report on Thursday, December 18th. BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$128.00 to C$135.00 in a research note on Wednesday, December 17th. Jefferies Financial Group upped their target price on Toronto-Dominion Bank from C$125.00 to C$130.00 in a research report on Friday, December 5th. UBS Group raised their price target on Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday, December 8th. Finally, Natl Bk Canada upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$129.67.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at C$133.64 on Monday. The company has a market capitalization of C$224.08 billion, a PE ratio of 11.56, a P/E/G ratio of 1.22 and a beta of 1.00. The company has a 50-day simple moving average of C$128.57 and a two-hundred day simple moving average of C$115.84. Toronto-Dominion Bank has a one year low of C$78.06 and a one year high of C$133.86.

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. 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, equities analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share 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.