Toronto-Dominion Bank (TSE:TD) Given a C$180.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods set a C$180 price target for Toronto-Dominion Bank and maintained a “market perform” rating, implying 11.23% potential upside.
• Analyst sentiment is broadly positive: seven analysts rate TD a Buy, three recommend Hold, and one recommends Sell, producing a consensus “Moderate Buy” rating and average target of C$164.15.
• TD shares traded at C$161.83, while recent quarterly results included C$2.38 EPS and C$16.04 billion in revenue. Two insiders also sold shares, reducing their holdings.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD has been given a C$180.00 price objective by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 11.23% from the company's current price.

TD has been the subject of a number of other reports. Scotiabank lifted their price objective on shares of Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, June 16th. Raymond James Financial upped their price objective on shares of 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. National Bank Financial raised their target price on shares of Toronto-Dominion Bank from C$162.00 to C$190.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. Canaccord Genuity Group boosted their target price on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group upped their price target on shares of Toronto-Dominion Bank from C$151.00 to C$159.00 in a report on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$164.15.

Toronto-Dominion Bank Price Performance

TSE TD traded up C$0.41 during trading on Friday, reaching C$161.83. 974,955 shares of the company's stock were exchanged, compared to its average volume of 5,589,391. The business has a 50 day moving average price of C$169.48 and a 200-day moving average price of C$150.23. The stock has a market capitalization of C$267.35 billion, a P/E ratio of 18.99, a PEG ratio of 1.22 and a beta of 0.88. Toronto-Dominion Bank has a fifty-two week low of C$100.01 and a fifty-two week high of C$175.33.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last released 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 return on equity of 11.85% and a net margin of 13.21%. On average, analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Insider Activity

In other news, insider Paul Martyn Clark sold 27,649 shares of the business's 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 transaction, the insider owned 260 shares in the company, 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 Toronto-Dominion Bank stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the transaction, the insider directly owned 26,677 shares of the company's stock, valued at C$4,177,884.97. This represents a 24.16% decrease in their position. 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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