TD – The Toronto-Dominion Bank (NYSE:TD) price Target Increased to C$87.00 by Analysts at Credit Suisse Group
The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) had its price target upped by equities research analysts at Credit Suisse Group from C$85.00 to C$87.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm currently has an “underperform” rating on the bank’s stock.
A number of other brokerages have also commented on TD. Barclays raised their price target on The Toronto-Dominion Bank from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, February 16th. CIBC raised their target price on shares of The Toronto-Dominion Bank from C$88.00 to C$97.00 and gave the company an “outperform” rating in a research note on Thursday, May 20th. Canaccord Genuity upped their price target on shares of The Toronto-Dominion Bank from $83.00 to $86.50 and gave the stock a “hold” rating in a research note on Wednesday, April 21st. BMO Capital Markets raised their price objective on shares of The Toronto-Dominion Bank from C$90.00 to C$96.00 and gave the company a “market perform” rating in a research note on Friday, May 28th. Finally, Royal Bank of Canada boosted their target price on The Toronto-Dominion Bank from C$82.00 to C$91.00 and gave the stock a “sector perform” rating in a report on Friday, May 28th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus price target of $83.95.
The Toronto-Dominion Bank stock traded down $0.02 during midday trading on Monday, reaching $72.81. 44,559 shares of the stock traded hands, compared to its average volume of 1,808,037. The Toronto-Dominion Bank has a fifty-two week low of $42.90 and a fifty-two week high of $73.85. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13. The firm has a market cap of $132.54 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.08 and a beta of 1.05. The stock has a fifty day moving average price of $69.17.
The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Wednesday, May 26th. The bank reported $2.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.65. The Toronto-Dominion Bank had a return on equity of 11.78% and a net margin of 23.82%. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.80 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. On average, research analysts expect that The Toronto-Dominion Bank will post 5.82 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Perigon Wealth Management LLC acquired a new position in shares of The Toronto-Dominion Bank in the fourth quarter worth about $29,000. Comerica Bank grew its position in The Toronto-Dominion Bank by 5.6% during the 4th quarter. Comerica Bank now owns 101,117 shares of the bank’s stock worth $5,845,000 after purchasing an additional 5,389 shares in the last quarter. Wright Investors Service Inc. grew its position in The Toronto-Dominion Bank by 3.5% during the 4th quarter. Wright Investors Service Inc. now owns 30,809 shares of the bank’s stock worth $1,738,000 after purchasing an additional 1,053 shares in the last quarter. Winslow Evans & Crocker Inc. acquired a new stake in The Toronto-Dominion Bank during the 4th quarter valued at $51,000. Finally, State of Wisconsin Investment Board lifted its holdings in shares of The Toronto-Dominion Bank by 8.2% in the fourth quarter. State of Wisconsin Investment Board now owns 2,070,301 shares of the bank’s stock valued at $116,873,000 after purchasing an additional 157,129 shares in the last quarter. 51.21% of the stock is owned by institutional investors and hedge funds.
The Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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