Toronto-Dominion Bank (NYSE:TD) Price Target Raised to $93.00

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD had its price target increased by investment analysts at Royal Bank of Canada from $87.00 to $93.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "sector perform" rating on the bank's stock. Royal Bank of Canada's price objective points to a potential upside of 37.49% from the stock's previous close.

Several other equities analysts also recently issued reports on the stock. Scotiabank began coverage on shares of Toronto-Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating on the stock. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $88.50.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded up $0.69 on Friday, hitting $67.64. The company's stock had a trading volume of 669,515 shares, compared to its average volume of 2,381,115. The company has a market capitalization of $117.42 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $67.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a fifty day moving average price of $61.22 and a 200-day moving average price of $58.05.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. The business had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $13.36 billion. During the same period in the previous year, the business earned $2.04 earnings per share. As a group, sell-side analysts anticipate that Toronto-Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Institutional Trading of Toronto-Dominion Bank

Hedge funds have recently bought and sold shares of the business. Balanced Rock Investment Advisors LLC grew its position in shares of Toronto-Dominion Bank by 1.1% in the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank's stock valued at $898,000 after purchasing an additional 163 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in Toronto-Dominion Bank by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after buying an additional 171 shares in the last quarter. MFA Wealth Services boosted its stake in Toronto-Dominion Bank by 4.5% during the first quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock worth $250,000 after buying an additional 179 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in Toronto-Dominion Bank by 14.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock valued at $90,000 after buying an additional 190 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in shares of Toronto-Dominion Bank by 6.0% in the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock valued at $205,000 after purchasing an additional 194 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.

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