Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) had its target price boosted by equities research analysts at Desjardins from C$110.00 to C$113.00 in a research report issued on Monday, The Fly reports. Desjardins also issued estimates for Toronto-Dominion Bank’s Q2 2022 earnings at $1.60 EPS, Q3 2022 earnings at $1.63 EPS, Q4 2022 earnings at $1.64 EPS and FY2022 earnings at $6.52 EPS.
Other research analysts have also issued reports about the stock. Stifel Nicolaus started coverage on shares of Toronto-Dominion Bank in a report on Thursday, February 17th. They issued a “hold” rating for the company. National Bank Financial lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Monday. Scotiabank increased their price target on shares of Toronto-Dominion Bank from C$105.00 to C$117.00 in a research note on Friday, February 18th. increased their price target on shares of Toronto-Dominion Bank from C$96.50 to C$102.50 and gave the stock a “hold” rating in a research note on Friday, December 3rd. Finally, Veritas Investment Research lowered shares of Toronto-Dominion Bank to a “sell” rating in a research note on Friday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $102.32.
TD traded down $0.89 during trading on Monday, hitting $76.56. 127,757 shares of the stock traded hands, compared to its average volume of 2,323,084. The firm has a market capitalization of $139.25 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50-day moving average of $80.69 and a 200 day moving average of $74.01. Toronto-Dominion Bank has a 12-month low of $61.81 and a 12-month high of $86.01.
Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last issued its quarterly earnings data on Thursday, March 3rd. The bank reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.03. Toronto-Dominion Bank had a net margin of 29.72% and a return on equity of 15.98%. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $10.28 billion. During the same period in the prior year, the business earned $1.42 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts predict that Toronto-Dominion Bank will post 6.19 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Herold Advisors Inc. purchased a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at about $27,000. Column Capital Advisors LLC boosted its holdings in shares of Toronto-Dominion Bank by 830.0% during the 4th quarter. Column Capital Advisors LLC now owns 372 shares of the bank’s stock valued at $29,000 after acquiring an additional 332 shares during the last quarter. Destiny Wealth Partners LLC purchased a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $30,000. Finally, Huntington National Bank boosted its holdings in shares of Toronto-Dominion Bank by 390.6% during the 3rd quarter. Huntington National Bank now owns 471 shares of the bank’s stock valued at $31,000 after acquiring an additional 375 shares during the last quarter. 48.15% of the stock is currently owned by institutional investors.
About Toronto-Dominion Bank
The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.