Toronto-Dominion Bank (TSE:TD) Upgraded by Scotiabank to Sector Outperform Rating

Key Points

• Scotiabank upgraded Toronto‑Dominion Bank from "sector perform" to "sector outperform" and raised its target price to C$150 (from C$142), implying roughly a 3.75% upside.
• Multiple other firms (BMO, Desjardins, Raymond James, Canaccord, National Bank) also raised targets; the analyst mix is six Buy, three Hold and one Sell, giving a consensus rating of "Moderate Buy" with a consensus target of C$139.67.
• TD shares traded at C$144.58, near a 52‑week high of C$147, with a market cap of C$241.3B and a P/E of 11.7; the bank posted quarterly EPS of C$2.44 and a return on equity of 17.26%.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD was upgraded by research analysts at Scotiabank from a "sector perform" rating to a "sector outperform" rating in a report released on Monday,BayStreet.CA reports. The firm presently has a C$150.00 target price on the stock, up from their prior target price of C$142.00. Scotiabank's target price indicates a potential upside of 3.75% from the stock's previous close.

TD has been the subject of several other reports. BMO Capital Markets upped their target price on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. Desjardins raised their price objective on Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the company a "buy" rating in a report on Friday, February 27th. Raymond James Financial raised their price objective on Toronto-Dominion Bank from C$138.00 to C$141.00 and gave the company a "market perform" rating in a report on Friday, February 27th. Canaccord Genuity Group raised their target price on Toronto-Dominion Bank from C$147.00 to C$149.00 and gave the stock a "buy" rating in a research note on Monday, March 9th. Finally, National Bank Financial raised their target price on Toronto-Dominion Bank from C$138.00 to C$146.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$139.67.

Toronto-Dominion Bank Stock Performance

TSE TD traded down C$1.26 during trading hours on Monday, reaching C$144.58. The stock had a trading volume of 1,388,679 shares, compared to its average volume of 6,320,419. Toronto-Dominion Bank has a 52-week low of C$87.17 and a 52-week high of C$147.00. The stock has a fifty day moving average of C$134.84 and a 200 day moving average of C$127.43. The stock has a market cap of C$241.28 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last released its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. The business had revenue of C$16.63 billion for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%. On average, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Toronto-Dominion Bank Company Profile

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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