Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$157.00 at National Bank Financial

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective hoisted by National Bank Financial from C$146.00 to C$157.00 in a research report sent to investors on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

TD has been the topic of a number of other research reports. Barclays increased their price objective on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a report on Friday, February 27th. Desjardins increased their price objective on shares of Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. BMO Capital Markets increased their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Royal Bank Of Canada decreased 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. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from C$142.00 to C$150.00 in a report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$143.04.

Toronto-Dominion Bank Stock Performance

TD opened at C$148.30 on Friday. The firm’s 50-day simple moving average is C$137.35 and its 200-day simple moving average is C$129.50. Toronto-Dominion Bank has a twelve month low of C$89.34 and a twelve month high of C$149.08. The firm has a market cap of C$247.49 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.22 and a beta of 0.92.

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

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 2.9%. Toronto-Dominion Bank’s dividend payout ratio is currently 34.25%.

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.