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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by Raymond James Financial from C$152.50 to C$155.00 in a research note published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms also recently commented on TD. National Bank Financial boosted their price target on shares of Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the stock an “outperform” rating in a research note on Friday. Canaccord Genuity Group lifted their target price on Toronto-Dominion Bank from C$158.00 to C$169.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Desjardins upped their price target on Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the stock a “buy” rating in a report on Friday. Finally, Canadian Imperial Bank of Commerce increased their price target on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the company a “neutral” rating in a research report on Friday. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$148.50.

Toronto-Dominion Bank Stock Up 1.0%

Shares of Toronto-Dominion Bank stock opened at C$157.75 on Friday. The firm has a market cap of C$263.26 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. Toronto-Dominion Bank has a 52 week low of C$94.05 and a 52 week high of C$157.75. The business’s fifty day simple moving average is C$142.06 and its 200-day simple moving average is C$132.25.

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

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.32 annualized dividend 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.

Toronto-Dominion Bank Company Profile

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.