Toronto-Dominion Bank (TSE:TD) Given New C$164.00 Price Target at Canadian Imperial Bank of Commerce

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price boosted by stock analysts at Canadian Imperial Bank of Commerce from C$151.00 to C$164.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 5.77% from the company’s current price.

TD has been the subject of several other reports. BMO Capital Markets boosted their price objective 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 cut their price objective on 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. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from C$142.00 to C$150.00 in a research note on Monday, May 4th. Jefferies Financial Group boosted their price objective on Toronto-Dominion Bank from C$134.00 to C$142.00 in a research note on Wednesday, May 20th. Finally, Desjardins boosted their price objective on Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Seven 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’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and an average target price of C$148.50.

Toronto-Dominion Bank Price Performance

TSE TD traded down C$1.12 during trading hours on Friday, reaching C$155.06. The company’s stock had a trading volume of 2,101,841 shares, compared to its average volume of 5,957,233. The firm has a market capitalization of C$258.77 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.22 and a beta of 0.92. Toronto-Dominion Bank has a 1-year low of C$94.05 and a 1-year high of C$157.70. The company’s 50-day moving average is C$141.50 and its two-hundred day moving average is C$132.07.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. The company had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%. Equities analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

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.