Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$135.00 at BMO Capital Markets

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target raised by stock analysts at BMO Capital Markets from C$128.00 to C$135.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 7.80% from the company’s previous close.

A number of other analysts also recently issued reports on TD. Jefferies Financial Group raised their price objective on shares of Toronto-Dominion Bank from C$125.00 to C$130.00 in a report on Friday, December 5th. National Bankshares increased their target price on shares of Toronto-Dominion Bank from C$116.00 to C$124.00 and gave the company a “sector perform” rating in a research report on Friday, December 5th. UBS Group raised their price target on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Bank of America upped their price objective on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research note on Friday, December 5th. Finally, Desjardins increased their price objective on Toronto-Dominion Bank from C$120.00 to C$126.00 and gave the company a “buy” rating in a report on Friday, December 5th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$126.75.

Toronto-Dominion Bank Trading Down 0.7%

Toronto-Dominion Bank stock traded down C$0.88 during trading on Wednesday, hitting C$125.23. 1,437,784 shares of the company were exchanged, compared to its average volume of 7,034,798. The company has a market capitalization of C$219.38 billion, a P/E ratio of 10.83, a PEG ratio of 1.22 and a beta of 0.98. The business’s 50 day moving average is C$116.01 and its 200 day moving average is C$107.21. Toronto-Dominion Bank has a 52 week low of C$73.73 and a 52 week high of C$126.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 EPS for the quarter. The business had revenue of C$16.03 billion for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%. Equities analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Insider Activity

In other news, insider Ajai Bambawale sold 7,328 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total value of C$821,248.96. Following the completion of the transaction, the insider directly owned 800 shares in the company, valued at approximately C$89,656. This represents a 90.16% decrease in their position. Also, Director Nathalie Palladitcheff acquired 1,000 shares of Toronto-Dominion Bank stock in a transaction dated Monday, October 6th. The shares were purchased at an average price of C$112.64 per share, for a total transaction of C$112,640.00. Following the completion of the transaction, the director directly owned 3,292 shares in the company, valued at approximately C$370,810.88. The trade was a 43.63% increase in their position. Over the last quarter, insiders have sold 84,384 shares of company stock worth $9,456,915. Company insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.