Toronto-Dominion Bank (TD) Upgraded at Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday. The firm presently has a C$73.00 target price on the stock, up from their previous target price of C$71.00. Scotiabank’s price target would indicate a potential upside of 14.55% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada increased their price objective on shares of Toronto-Dominion Bank from C$68.00 to C$70.00 and gave the company a “sector perform” rating in a research report on Friday, May 26th. Barclays PLC increased their price objective on shares of Toronto-Dominion Bank from C$69.00 to C$70.00 in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$69.57.

Toronto-Dominion Bank (TSE TD) traded up 0.94% on Monday, hitting $64.33. 1,535,585 shares of the stock traded hands. Toronto-Dominion Bank has a 52 week low of $63.72 and a 52 week high of $64.37.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, May 25th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.10. The firm had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $8.54 billion. Toronto-Dominion Bank had a net margin of 28.23% and a return on equity of 14.16%. Analysts forecast that Toronto-Dominion Bank will post $5.36 earnings per share for the current year.

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About Toronto-Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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