National Bank Financial Reiterates "C$190.00" Price Target for Toronto-Dominion Bank (TSE:TD)

Key Points

• National Bank Financial reiterated its “outperform” rating and C$190.00 price target for Toronto-Dominion Bank, implying 17.65% upside from the reported C$161.49 share price.
• Analyst sentiment remains positive, with seven Buy ratings, three Holds and one Sell; the consensus rating is “Moderate Buy” with an average price target of C$164.15.
• TD shares rose 0.2% in mid-day trading, while the company reported C$2.38 quarterly EPS and C$16.04 billion in revenue. Recent insider activity included sales by two insiders, and insiders collectively own 0.08% of the stock.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD has been given a C$190.00 price target by research analysts at National Bank Financial in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price objective would indicate a potential upside of 17.65% from the stock's current price.

A number of other research firms also recently commented on TD. Desjardins lifted their price target on Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Barclays upped their price target on Toronto-Dominion Bank from C$140.00 to C$164.00 in a research report on Friday. 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 research report on Wednesday, August 12th. Keefe, Bruyette & Woods set a C$180.00 target price on shares of Toronto-Dominion Bank and gave the stock a "market perform" rating in a report on Friday. Finally, Canaccord Genuity Group increased their target price on Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$164.15.

Toronto-Dominion Bank Stock Up 0.2%

Shares of TD stock traded up C$0.25 during mid-day trading on Monday, reaching C$161.49. The company's stock had a trading volume of 1,004,445 shares, compared to its average volume of 5,572,234. The firm has a market capitalization of C$266.79 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. The company's 50 day simple moving average is C$169.43 and its 200-day simple moving average is C$150.46. Toronto-Dominion Bank has a 12-month low of C$100.01 and a 12-month high of C$175.33.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last issued its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. The company had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. As a group, research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, insider Kelvin Vi Luan Tran sold 8,498 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 26,677 shares in the company, valued at approximately C$4,177,884.97. The trade was a 24.16% decrease in their ownership of the stock. Also, insider Paul Martyn Clark sold 27,649 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the completion of the sale, the insider directly owned 260 shares of the company's stock, valued at C$41,917.20. The trade was a 99.07% decrease in their ownership of the stock. 0.08% of the stock is currently owned by insiders.

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.

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