Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$187.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective boosted by Keefe, Bruyette & Woods from C$180.00 to C$187.00 in a report published on Monday morning,BayStreet reports.

A number of other equities analysts have also commented on the company. Canaccord Genuity Group increased their price target on Toronto-Dominion Bank from C$185.00 to C$197.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Canadian Imperial Bank of Commerce lifted 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 note on Friday, August 28th. National Bank Financial increased their target price 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. Barclays boosted their price target on shares of Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. Finally, Desjardins increased their price objective on shares of Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$171.00.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at C$168.20 on Monday. Toronto-Dominion Bank has a 1 year low of C$102.50 and a 1 year high of C$175.33. The firm’s 50 day moving average price is C$169.17 and its 200-day moving average price is C$152.42. The stock has a market cap of C$275.60 billion, a P/E ratio of 18.01, a PEG ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, August 27th. The company reported C$2.77 EPS 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, equities analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current 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 annualized dividend 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 dividend payout ratio is presently 46.36%.

Insiders Place Their Bets

In related news, insider Paul Martyn Clark sold 27,649 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the completion of the sale, the insider directly owned 260 shares in the company, valued at C$41,917.20. This trade represents a 99.07% decrease in their ownership of the stock. Insiders own 0.08% of the company’s stock.

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.