Royal Bank Of Canada Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective increased by Royal Bank Of Canada from C$128.00 to C$133.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 0.83% from the company’s current price.

A number of other brokerages have also issued reports on TD. Raymond James Financial raised their price target on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the stock a “market perform” rating in a report on Friday, December 5th. BMO Capital Markets lifted their price objective on Toronto-Dominion Bank from C$128.00 to C$135.00 in a research report on Wednesday, December 17th. CIBC raised their price target on Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Jefferies Financial Group lifted their target price on shares of Toronto-Dominion Bank from C$125.00 to C$130.00 in a research note on Friday, December 5th. Finally, National Bankshares raised shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$124.00 to C$134.00 in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$128.58.

Toronto-Dominion Bank Trading Up 1.6%

Shares of TD stock traded up C$2.09 during trading hours on Monday, hitting C$131.91. 2,894,501 shares of the company’s stock were exchanged, compared to its average volume of 5,717,475. The company has a market capitalization of C$222.86 billion, a PE ratio of 11.41, a PEG ratio of 1.22 and a beta of 1.03. Toronto-Dominion Bank has a 12-month low of C$76.33 and a 12-month high of C$132.20. The business’s 50 day simple moving average is C$120.39 and its 200-day simple moving average is C$110.19.

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

About Toronto-Dominion Bank

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.