Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$196.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target upped by National Bank Financial from C$190.00 to C$196.00 in a research report report published on Sunday,BayStreet reports. They currently have an outperform rating on the stock.

TD has been the topic of a number of other reports. Jefferies Financial Group upped their price target on Toronto-Dominion Bank from C$159.00 to C$164.00 in a research report on Friday, August 28th. Scotiabank raised their price objective on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 28th. Royal Bank Of Canada raised their price objective on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Canaccord Genuity Group raised their price target on Toronto-Dominion Bank from C$185.00 to C$197.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Toronto-Dominion Bank from C$184.00 to C$187.00 and gave the stock a “neutral” rating in a research note on Friday, August 28th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of C$171.00.

Toronto-Dominion Bank Stock Down 0.9%

Shares of Toronto-Dominion Bank stock opened at C$166.23 on Friday. The firm’s 50 day moving average price is C$169.19 and its 200-day moving average price is C$152.16. Toronto-Dominion Bank has a 52-week low of C$101.85 and a 52-week high of C$175.33. The company has a market cap of C$272.37 billion, a P/E ratio of 17.80, a PEG ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. The company had revenue of C$16.93 billion during the quarter. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 46.36%.

Insider Activity

In related news, insider Paul Martyn Clark sold 27,649 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the transaction, the insider directly owned 260 shares of the company’s stock, valued at C$41,917.20. This represents a 99.07% decrease in their position. 0.08% of the stock is currently owned by 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.