Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price boosted by Raymond James Financial from C$122.00 to C$138.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 4.82% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Barclays boosted their target price on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the stock an “underweight” rating in a report on Friday, December 5th. UBS Group lifted their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Monday, December 8th. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$124.00 to C$134.00 in a report on Thursday, December 18th. BMO Capital Markets increased their price objective on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a research report on Wednesday, December 17th. Finally, Desjardins lifted their target price on shares of Toronto-Dominion Bank from C$133.00 to C$139.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, four have issued 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$133.00.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at C$131.66 on Tuesday. Toronto-Dominion Bank has a 52-week low of C$78.06 and a 52-week high of C$134.50. The stock has a market cap of C$220.76 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.22 and a beta of 1.00. The firm’s 50-day moving average is C$129.63 and its 200-day moving average is C$116.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 EPS 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%. 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.