Toronto-Dominion Bank (TSE:TD) Upgraded at Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a C$93.00 price target on the stock, up from their previous price target of C$86.00. Scotiabank’s price target would indicate a potential upside of 18.80% from the company’s previous close.

TD has been the topic of a number of other reports. Desjardins cut their price objective on Toronto-Dominion Bank from C$96.00 to C$94.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. National Bankshares lifted their price target on Toronto-Dominion Bank from C$86.00 to C$92.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 20th. Bank of America dropped their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. Canaccord Genuity Group lifted their price target on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, CIBC dropped their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 and set a “neutral” rating on the stock in a research report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$91.02.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD traded up C$0.71 during trading on Wednesday, reaching C$78.28. 8,768,156 shares of the stock were exchanged, compared to its average volume of 7,624,722. The firm has a market cap of C$138.56 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. The stock has a fifty day moving average of C$80.60 and a two-hundred day moving average of C$81.44. Toronto-Dominion Bank has a 1-year low of C$75.89 and a 1-year high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, February 29th. The company reported C$2.00 EPS for the quarter, beating analysts’ consensus estimates of C$1.93 by C$0.07. The business had revenue of C$13.71 billion during the quarter, compared to analyst estimates of C$12.63 billion. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. Sell-side analysts forecast that Toronto-Dominion Bank will post 7.8683417 EPS for the current year.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.