Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$128.00 by Analysts at Jefferies Financial Group

Key Points

• Jefferies cut its price target for Toronto‑Dominion to C$128.00 (from C$130.00), implying roughly a 3.6% downside from the stock's recent price.
• The stock has a consensus rating of “Moderate Buy” with a consensus target of C$129.50, and several other analysts (RBC, BofA, National Bankshares) recently raised their targets or ratings.
• TD is trading around C$132.72 with a market cap of C$222.5B and a PE of 11.48; last quarter EPS was C$2.18 on C$16.03B revenue, reflecting steady earnings and valuation metrics.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its target price decreased by analysts at Jefferies Financial Group from C$130.00 to C$128.00 in a research report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group's price target would suggest a potential downside of 3.56% from the stock's current price.

Other research analysts also recently issued research reports about the stock. Raymond James Financial upped their price objective on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a "market perform" rating in a research note on Friday, December 5th. National Bankshares raised shares of Toronto-Dominion Bank from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$124.00 to C$134.00 in a research report on Thursday, December 18th. Bank of America increased their price target on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a research note on Friday, December 5th. Royal Bank Of Canada boosted their price objective on shares of Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the company an "outperform" rating in a research note on Monday, January 5th. Finally, Canaccord Genuity Group increased their target price on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$129.50.

Toronto-Dominion Bank Stock Performance

TSE TD traded down C$0.92 during mid-day trading on Wednesday, reaching C$132.72. 1,416,392 shares of the stock were exchanged, compared to its average volume of 7,844,875. The stock has a market capitalization of C$222.54 billion, a PE ratio of 11.48, a PEG ratio of 1.22 and a beta of 1.00. Toronto-Dominion Bank has a 1-year low of C$78.06 and a 1-year high of C$134.50. The business's fifty day simple moving average is C$128.57 and its 200 day simple moving average is C$115.84.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last issued its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. The company had revenue of C$16.03 billion for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%. On average, analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

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