Toronto-Dominion Bank (TSE:TD) Stock Passes Above 200 Day Moving Average – Time to Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$112.27 and traded as high as C$131.28. Toronto-Dominion Bank shares last traded at C$130.55, with a volume of 6,305,115 shares.

Wall Street Analyst Weigh In

TD has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price target on Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Natl Bk Canada upgraded Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Scotiabank increased their price target on Toronto-Dominion Bank from C$125.00 to C$132.00 in a research report on Friday, January 9th. Barclays raised their price objective on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a research note on Friday, December 5th. Finally, Bank of America upped their target price on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Moderate Buy” and an average price target of C$129.17.

Toronto-Dominion Bank Trading Down 0.1%

The business’s fifty day moving average is C$123.69 and its 200 day moving average is C$112.35. The company has a market cap of C$219.15 billion, a P/E ratio of 11.29, a PEG ratio of 1.22 and a beta of 1.03.

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. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%.The firm had revenue of C$16.03 billion for the quarter. As a group, research analysts expect that The Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

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.