Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$142.00 at Jefferies Financial Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective raised by equities researchers at Jefferies Financial Group from C$134.00 to C$142.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential downside of 5.81% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada reduced their price objective on Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from C$142.00 to C$150.00 in a research report on Monday, May 4th. National Bank Financial boosted their price objective on Toronto-Dominion Bank from C$146.00 to C$157.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce raised their price objective on Toronto-Dominion Bank from C$142.00 to C$151.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Desjardins raised their price objective on Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$144.96.

Toronto-Dominion Bank Stock Performance

Shares of TSE TD traded up C$2.38 during midday trading on Wednesday, hitting C$150.76. 1,968,063 shares of the stock traded hands, compared to its average volume of 6,148,138. The firm has a 50-day moving average of C$138.03 and a two-hundred day moving average of C$130.09. The firm has a market capitalization of C$251.59 billion, a P/E ratio of 12.21, a PEG ratio of 1.22 and a beta of 0.92. Toronto-Dominion Bank has a one year low of C$89.34 and a one year high of C$150.92.

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

About Toronto-Dominion Bank

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.