Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$140.00 at Barclays

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective hoisted by Barclays from C$135.00 to C$140.00 in a report issued on Friday,BayStreet.CA reports. Barclays currently has an underweight rating on the stock.

Several other equities analysts also recently commented on the company. Canadian Imperial Bank of Commerce increased their price target on Toronto-Dominion Bank from C$142.00 to C$151.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Raymond James Financial upgraded Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$141.00 to C$152.50 in a report on Tuesday, May 12th. Canaccord Genuity Group increased their price objective on Toronto-Dominion Bank from C$149.00 to C$158.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Jefferies Financial Group upped their target price on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a research note on Wednesday, May 20th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$148.50.

Toronto-Dominion Bank Price Performance

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 price-to-earnings ratio of 12.77, a P/E/G ratio of 1.22 and a beta of 0.92. The stock has a 50-day simple moving average of C$142.06 and a 200-day simple moving average of C$132.25. Toronto-Dominion Bank has a 52-week low of C$94.05 and a 52-week 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 EPS for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.24%.The firm had revenue of C$16.04 billion for the quarter. As a group, equities research analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Toronto-Dominion Bank Dividend Announcement

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

Toronto-Dominion Bank News Summary

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.