Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$164.00 at Barclays

Key Points

• Barclays raised Toronto-Dominion Bank’s price target to C$164 from C$140, implying 1.34% upside from the stock’s C$161.83 price at the time of the report.
• Analyst sentiment remains favorable, with seven Buy, three Hold, and one Sell rating; the consensus is “Moderate Buy” with an average target of C$164.15.
• TD reported quarterly EPS of C$2.38 on C$16.04 billion in revenue, while two insiders recently sold shares and corporate insiders own just 0.08% of the company.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its target price hoisted by analysts at Barclays from C$140.00 to C$164.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Barclays's price objective points to a potential upside of 1.34% from the stock's current price.

Other research analysts also recently issued reports about the company. National Bank Financial lifted their target price on Toronto-Dominion Bank from C$162.00 to C$190.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Raymond James Financial increased their price target on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods set a C$180.00 price objective on shares of Toronto-Dominion Bank and gave the company a "market perform" rating in a research note on Friday. Canaccord Genuity Group boosted their price objective on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Finally, Scotiabank upped 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. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of "Moderate Buy" and a consensus target price of C$164.15.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD traded up C$0.41 on Friday, reaching C$161.83. The company's stock had a trading volume of 974,955 shares, compared to its average volume of 5,589,391. Toronto-Dominion Bank has a 52-week low of C$100.01 and a 52-week high of C$175.33. 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. The stock's 50-day moving average is C$169.48 and its two-hundred day moving average is C$150.23.

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

Insiders Place Their Bets

In related news, insider Paul Martyn Clark sold 27,649 shares of the company's 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 transaction, the insider owned 260 shares of the company's stock, valued at C$41,917.20. This represents a 99.07% decrease in their ownership of the stock. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction on Wednesday, June 3rd. The stock was 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 owned 26,677 shares of the company's stock, valued at C$4,177,884.97. The trade was a 24.16% decrease in their position. Corporate insiders own 0.08% of the company's stock.

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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