Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$159.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target increased by Jefferies Financial Group from C$151.00 to C$159.00 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other research firms also recently commented on TD. Canaccord Genuity Group raised their price objective on Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. National Bank Financial increased their target price on shares of Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Barclays raised their price target on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a report on Friday, May 29th. Raymond James Financial boosted their price objective on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, 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 stock a “neutral” rating in a research note on Friday, May 29th. 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$159.17.

Toronto-Dominion Bank Stock Up 0.6%

TD stock opened at C$172.61 on Thursday. The company has a market cap of C$285.16 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.22 and a beta of 0.88. The business has a fifty day simple moving average of C$168.96 and a 200-day simple moving average of C$149.01. Toronto-Dominion Bank has a 52 week low of C$100.01 and a 52 week high of C$175.33.

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 for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%.The firm had revenue of C$16.04 billion for the quarter. As a group, analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were given a $1.12 dividend. The ex-dividend date of this dividend was Friday, July 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 2.6%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 50.00%.

Insider Transactions at Toronto-Dominion Bank

In related news, insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the transaction, the insider directly owned 260 shares of the company’s stock, valued at approximately C$41,917.20. The trade was a 99.07% decrease in their position. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the transaction, the insider directly owned 26,677 shares in the company, 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 currently owned by company insiders.

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.