Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$160.00 at Desjardins

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by Desjardins from C$154.00 to C$160.00 in a report published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada cut their target price on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from C$142.00 to C$150.00 in a research report on Monday, May 4th. National Bank Financial raised 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 report on Friday. Canadian Imperial Bank of Commerce boosted their price objective on shares of Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Jefferies Financial Group boosted their price objective on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a research report on Wednesday, May 20th. Seven equities research 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 data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Moderate Buy” and an average price target of C$148.50.

Toronto-Dominion Bank Stock Performance

TSE TD opened at C$157.75 on Friday. Toronto-Dominion Bank has a 52-week low of C$94.05 and a 52-week high of C$157.75. The company has a market capitalization of C$263.26 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.22 and a beta of 0.92. The company has a fifty day moving average of C$142.06 and a 200-day moving average of C$132.25.

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

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.7%. Toronto-Dominion Bank’s payout ratio is presently 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.