BMO Capital Markets Increases Toronto-Dominion Bank (TSE:TD) Price Target to C$94.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price increased by equities research analysts at BMO Capital Markets from C$84.00 to C$94.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 20.54% from the company’s current price.

Several other brokerages have also recently weighed in on TD. Scotiabank lowered their target price on Toronto-Dominion Bank from C$87.00 to C$86.00 in a report on Monday, August 19th. Jefferies Financial Group boosted their price objective on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Canaccord Genuity Group cut their target price on Toronto-Dominion Bank from C$93.50 to C$91.50 in a research note on Friday, October 11th. CIBC reduced their price target on Toronto-Dominion Bank from C$100.00 to C$96.00 in a report on Friday, October 11th. Finally, Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$88.00 to C$82.00 in a report on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$87.23.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at C$77.98 on Monday. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$87.99. The stock’s fifty day moving average is C$81.64 and its two-hundred day moving average is C$79.08. The firm has a market capitalization of C$136.47 billion, a P/E ratio of 18.05, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing the consensus estimate of C$2.07 by C($0.02). The business had revenue of C$14.18 billion during the quarter, compared to analysts’ expectations of C$14.12 billion. Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. On average, equities analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share 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.