National Bank Financial Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by National Bank Financial from C$157.00 to C$162.00 in a report published on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$141.00 to C$152.50 in a research note on Tuesday, May 12th. Royal Bank Of Canada decreased their price target on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Barclays increased their target price on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a research report on Friday. Canaccord Genuity Group upped their target price on shares of Toronto-Dominion Bank from C$149.00 to C$158.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Jefferies Financial Group raised their price target on Toronto-Dominion Bank from C$134.00 to C$142.00 in a report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$148.50.

Toronto-Dominion Bank Trading Up 1.0%

TSE TD opened at C$157.75 on Friday. The company has a market cap of C$263.26 billion, a P/E ratio of 12.77, a PEG ratio of 1.22 and a beta of 0.92. The company has a fifty day simple moving average of C$142.06 and a 200 day simple moving average of C$132.25. Toronto-Dominion Bank has a 12-month low of C$94.05 and a 12-month high of C$157.75.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. The firm had revenue of C$16.04 billion for the quarter. Toronto-Dominion Bank had a net margin of 13.24% and a return on equity of 11.85%. Sell-side analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were issued a dividend of $1.08 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.7%. Toronto-Dominion Bank’s dividend payout ratio is 34.25%.

Key Headlines Impacting Toronto-Dominion Bank

Here are the key news stories impacting Toronto-Dominion Bank this week:

• Positive Sentiment: Toronto-Dominion Bank beat quarterly earnings expectations, reporting C$2.38 EPS on revenue of C$16.04 billion, which helped reinforce confidence in the bank’s earnings power. TD beats analysts’ earnings expectations, hikes dividend
• Positive Sentiment: The company also raised its dividend, a sign management has increasing confidence in cash generation and capital strength. TD beats analysts’ earnings expectations, hikes dividend
• Positive Sentiment: Results from Canadian banking, capital markets, and wealth management were strong, with reports noting a record quarter for wealth and improved activity in capital markets amid volatile conditions. TD’s Earnings Beat Caps Off Strong Quarter for Canadian Banks
• Positive Sentiment: Multiple brokerages raised their price targets, including Desjardins to C$160, National Bank Financial to C$162, Canaccord to C$169, and Raymond James to C$155, signaling improving analyst sentiment around TD’s outlook.
• Neutral Sentiment: Canadian Imperial Bank of Commerce raised its target to C$164 but kept a neutral rating, suggesting the stock may be fairly valued after the rally.
• Negative Sentiment: Barclays remained cautious with an underweight rating, even while lifting its target to C$140, highlighting that not all analysts see upside at current levels.

About Toronto-Dominion Bank

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.