Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$151.00 at Canadian Imperial Bank of Commerce

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by investment analysts at Canadian Imperial Bank of Commerce from C$142.00 to C$151.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s price target indicates a potential upside of 1.88% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from C$142.00 to C$150.00 in a research note on Monday, May 4th. Desjardins increased their target price on Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Jefferies Financial Group dropped their price objective on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a report on Wednesday, February 11th. Raymond James Financial upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and boosted their price objective for the stock from C$141.00 to C$152.50 in a report on Tuesday. Finally, Royal Bank Of Canada dropped their price objective on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$142.13.

Toronto-Dominion Bank Trading Up 1.4%

TSE:TD traded up C$2.05 during mid-day trading on Thursday, hitting C$148.21. 1,286,082 shares of the company’s stock traded hands, compared to its average volume of 6,213,559. The firm has a 50 day moving average of C$136.78 and a two-hundred day moving average of C$129.12. Toronto-Dominion Bank has a 12 month low of C$89.34 and a 12 month high of C$149.08. The firm has a market capitalization of C$247.34 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%.The firm had revenue of C$16.63 billion during the quarter. As a group, equities research analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

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.