Scotiabank Upgrades Toronto-Dominion Bank (TSE:TD) to Outperform

Toronto-Dominion Bank (TSE:TD – Get Rating) (NYSE:TD) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued on Friday, BayStreet.CA reports.

Several other analysts also recently issued reports on TD. National Bankshares lifted their target price on Toronto-Dominion Bank from C$100.00 to C$102.00 in a research note on Wednesday, February 22nd. Bank of America lifted their target price on Toronto-Dominion Bank from C$97.00 to C$100.00 in a research note on Friday, December 2nd. Barclays decreased their target price on Toronto-Dominion Bank from C$102.00 to C$101.00 in a research note on Friday. CSFB decreased their target price on Toronto-Dominion Bank from C$98.00 to C$97.00 in a research note on Friday, February 17th. Finally, Royal Bank of Canada lifted their price objective on Toronto-Dominion Bank from C$106.00 to C$113.00 and gave the stock an “outperform” rating in a research note on Friday, December 2nd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of C$100.53.

Toronto-Dominion Bank Trading Up 0.7 %

Shares of TD opened at C$89.05 on Friday. The business’s 50 day moving average is C$90.10 and its 200 day moving average is C$88.21. The company has a market capitalization of C$162.07 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83. Toronto-Dominion Bank has a 12-month low of C$77.27 and a 12-month high of C$104.00.

Toronto-Dominion Bank (TSE:TD – Get Rating) (NYSE:TD) last issued its earnings results on Thursday, December 1st. The company reported C$2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.01 by C$0.17. The business had revenue of C$15.56 billion for the quarter. Equities research analysts predict that Toronto-Dominion Bank will post 8.8343254 earnings per share for the current year.

Insider Transactions at Toronto-Dominion Bank

In other news, Director Mark Russell Chauvin sold 42,576 shares of Toronto-Dominion Bank stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of C$88.45, for a total value of C$3,765,847.20. Following the completion of the transaction, the director now owns 185,780 shares in the company, valued at approximately C$16,432,241. In related news, Senior Officer Raymond Chun sold 7,011 shares of the business’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of C$88.99, for a total transaction of C$623,908.89. Following the completion of the transaction, the insider now owns 27,856 shares in the company, valued at approximately C$2,478,905.44. Also, Director Mark Russell Chauvin sold 42,576 shares of the business’s stock in a transaction on Friday, January 13th. The shares were sold at an average price of C$88.45, for a total value of C$3,765,847.20. Following the transaction, the director now owns 185,780 shares of the company’s stock, valued at approximately C$16,432,241. Company insiders own 0.09% of the company’s stock.

Toronto-Dominion Bank Company Profile

(Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.