Toronto-Dominion Bank (TSE:TD) Given a C$169.00 Price Target at Canaccord Genuity Group

Canaccord Genuity Group set a C$169.00 target price on Toronto-Dominion Bank (TSE:TD) (NYSE:TD) in a research note published on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. Raymond James Financial raised their price target on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Canadian Imperial Bank of Commerce raised their price target on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. BMO Capital Markets raised their price target 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. Royal Bank Of Canada decreased their price target on Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Finally, Barclays raised their price target on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a research note on Friday, May 29th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$149.75.

Toronto-Dominion Bank Trading Down 0.2%

Toronto-Dominion Bank stock opened at C$157.74 on Friday. The stock has a market cap of C$260.59 billion, a PE ratio of 18.51, a P/E/G ratio of 1.22 and a beta of 0.92. The stock has a 50-day moving average price of C$144.86 and a 200 day moving average price of C$133.72. Toronto-Dominion Bank has a 52 week low of C$95.52 and a 52 week high of C$159.14.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. The firm had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%. On average, equities analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed 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 payout ratio is currently 50.00%.

Insider Transactions at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the completion of the sale, the insider owned 26,677 shares of the company’s stock, valued at C$4,177,884.97. This trade represents a 24.16% decrease in their ownership of the stock. 0.08% of the stock is owned by company insiders.

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.