Toronto-Dominion Bank Gets Moderate Buy Rating Amid Strong Earnings

The Toronto-Dominion Bank has been assigned a consensus rating of 'Moderate Buy' from eleven research firms covering the company, according to Marketbeat.com. Among these firms, one analyst has rated the stock with a sell rating, three have issued a hold rating, and seven have given a buy rating.

The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$171.08. Several analysts have recently revised their target prices for Toronto-Dominion Bank, including Scotiabank, which upped its target from C$180.00 to C$187.00 and gave the company a 'sector outperform' rating.

Royal Bank Of Canada also increased its price target on shares of Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the company an 'outperform' rating. The stock has a market capitalization of C$274.81 billion, a P/E ratio of 17.96, and a beta of 0.81.

Over the past year, Toronto-Dominion Bank's stock price has ranged from a low of C$105.95 to a high of C$175.33. The company reported earnings per share (EPS) of C$2.77 for the quarter and had revenue of C$16.93 billion.