Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$165.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by Jefferies Financial Group from C$164.00 to C$165.00 in a research report sent to investors on Thursday morning,BayStreet reports.

Other equities analysts also recently issued research reports about the company. Raymond James Financial boosted their target price on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Desjardins set a C$183.00 price target on Toronto-Dominion Bank and gave the company a “buy” rating in a research report on Wednesday. National Bank Financial increased their price target on Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the company an “outperform” rating in a research report on Sunday, August 30th. Barclays lifted their price target on Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the stock an “underweight” rating in a report on Friday, August 28th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Toronto-Dominion Bank from C$184.00 to C$187.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Seven 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$171.08.

Toronto-Dominion Bank Price Performance

Shares of TD stock opened at C$168.24 on Thursday. The firm has a 50-day moving average of C$169.11 and a 200-day moving average of C$152.81. Toronto-Dominion Bank has a one year low of C$102.50 and a one year high of C$175.33. The company has a market cap of C$275.66 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.22 and a beta of 0.81.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, August 27th. The company reported C$2.77 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. The business had revenue of C$16.93 billion for the quarter. As a group, research 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 dividend of $1.12 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.08. Toronto-Dominion Bank’s payout ratio is currently 46.36%.

Insider Activity

In related news, insider Paul Martyn Clark sold 27,649 shares of Toronto-Dominion Bank stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the sale, the insider 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. 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.