Toronto-Dominion Bank (TSE:TD) Given New C$196.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised TD’s price target to C$196 from C$190 and maintained an “outperform” rating, implying 16.24% potential upside from the prior close.
• Analyst sentiment is broadly positive but mixed: seven analysts rate TD a Buy, three Hold and one Sell, producing a “Moderate Buy” consensus and average target of C$170.46.
• TD reported quarterly earnings of C$2.77 per share on C$16.93 billion in revenue, while its shares traded at C$168.61 and remained near their 12-month high of C$175.33.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its target price increased by stock analysts at National Bank Financial from C$190.00 to C$196.00 in a research report issued to clients and investors on Sunday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price target would suggest a potential upside of 16.24% from the company's previous close.

Several other research firms have also recently weighed in on TD. Canadian Imperial Bank of Commerce increased their price objective on shares of Toronto-Dominion Bank from C$184.00 to C$187.00 and gave the stock a "neutral" rating in a research report on Friday. Scotiabank lifted their price target on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the company a "sector outperform" rating in a research note on Friday. Jefferies Financial Group increased their price objective on shares of Toronto-Dominion Bank from C$159.00 to C$164.00 in a research report on Friday. Desjardins raised their price objective on Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Raymond James Financial upped 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 report on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Toronto-Dominion Bank has an average rating of "Moderate Buy" and a consensus target price of C$170.46.

Toronto-Dominion Bank Price Performance

TSE:TD traded up C$0.77 during mid-day trading on Friday, reaching C$168.61. The stock had a trading volume of 2,236,217 shares, compared to its average volume of 5,528,158. Toronto-Dominion Bank has a 12 month low of C$100.43 and a 12 month high of C$175.33. The stock has a market capitalization of C$276.27 billion, a PE ratio of 18.05, a P/E/G ratio of 1.22 and a beta of 0.88. The stock has a 50-day simple moving average of C$169.29 and a two-hundred day simple moving average of C$151.55.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last released its earnings results on Thursday, August 27th. The company reported C$2.77 earnings per share for the quarter. The firm had revenue of C$16.93 billion during the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%. Equities analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Insider Transactions at Toronto-Dominion Bank

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. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the completion of the transaction, the insider owned 26,677 shares in the company, valued at approximately C$4,177,884.97. The trade was a 24.16% decrease in their position. 0.08% of the stock is owned by insiders.

Key Headlines Impacting Toronto-Dominion Bank

Here are the key news stories impacting Toronto-Dominion Bank this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. TD reported fiscal third-quarter earnings of C$2.77 per share on C$16.93 billion in revenue, with results benefiting from strength in Canadian banking, U.S. retail and wholesale banking. The bank posted a 13.21% net margin and 11.85% return on equity. TD Bank Q3 earnings beat TD Beats Estimates as Markets Lift Big Canadian Bank Earnings
• Positive Sentiment: Several analysts raised their price targets. RBC lifted its target to C$173 from C$156 and initiated an “outperform” rating. Canaccord raised its target to C$197 from C$185 and maintained a “buy” rating, implying the most significant potential upside among the latest revisions. Scotiabank also increased its target to C$187 from C$180 with a “sector outperform” rating. Analyst rating changes
• Neutral Sentiment: Analyst opinion remains mixed. CIBC raised its target to C$187 from C$184 but kept a “neutral” rating, suggesting that the higher target does not necessarily signal strong conviction. Analysts’ differing views reflect uncertainty over how much of the earnings improvement is already reflected in TD’s valuation. CIBC analyst rating
• Negative Sentiment: Some firms still see limited or negative upside. Jefferies raised its target to C$164 from C$159, below the recent trading level, while Barclays increased its target to C$167 from C$164 and maintained an “underweight” rating. These views could limit gains if investors focus on valuation or potential normalization in bank earnings. Jefferies and Barclays analyst ratings

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.

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