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

Key Points

• Keefe, Bruyette & Woods raised Toronto-Dominion Bank’s price target to C$187 from C$180, implying 11.44% upside from the previous close.
• Analyst sentiment is broadly positive: seven analysts rate TD a Buy, three a Hold and one a Sell, producing a consensus “Moderate Buy” rating and a C$171 target price.
• TD shares fell 0.5% to C$167.80 in Monday trading, while the bank reported C$2.77 in quarterly earnings per share and C$16.93 billion in revenue.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its price objective hoisted by analysts at Keefe, Bruyette & Woods from C$180.00 to C$187.00 in a report issued on Monday,BayStreet.CA reports. Keefe, Bruyette & Woods' price target would suggest a potential upside of 11.44% from the stock's previous close.

A number of other brokerages have also weighed in on TD. Raymond James Financial boosted their price objective on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. National Bank Financial lifted their price target on Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the stock an "outperform" rating in a research report on Sunday. Canadian Imperial Bank of Commerce boosted their price target on Toronto-Dominion Bank from C$184.00 to C$187.00 and gave the company a "neutral" rating in a research note on Friday. Desjardins boosted their price target 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, Scotiabank increased their price objective on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the company a "sector outperform" rating in a report on Friday. Seven 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. Based on data from MarketBeat, Toronto-Dominion Bank has a consensus rating of "Moderate Buy" and a consensus target price of C$171.00.

Toronto-Dominion Bank Stock Down 0.5%

Shares of Toronto-Dominion Bank stock traded down C$0.81 during midday trading on Monday, hitting C$167.80. The company had a trading volume of 880,472 shares, compared to its average volume of 5,500,151. The company has a fifty day simple moving average of C$169.29 and a 200 day simple moving average of C$151.68. The stock has a market cap of C$274.94 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.22 and a beta of 0.88. Toronto-Dominion Bank has a 12-month low of C$100.43 and a 12-month high of C$175.33.

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. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. The company had revenue of C$16.93 billion for the quarter. As a group, analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Insider Buying and Selling

In related news, insider Kelvin Vi Luan Tran sold 8,498 shares of the business's stock in a transaction 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 directly owned 26,677 shares in the company, valued at C$4,177,884.97. The trade was a 24.16% decrease in their position. Also, insider Paul Martyn Clark sold 27,649 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following 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. 0.08% of the stock is owned by company insiders.

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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