The Toronto-Dominion Bank (TD), was revisited by a Wall Street analyst today. Analyst Darko Mihelic from RBC Capital rated The Toronto-Dominion Bank (TD) a Hold, setting a C$92 price target.
According to TipRanks.com, Mihelic is a 4-star analyst with an average return of 3.1% and a 57.1% success rate. Mihelic covers the Financial sector, focusing on stocks such as Toronto Dominion Bank, Bank Of Nova Scotia, and Laurentian Bank.
Currently, the analyst consensus on The Toronto-Dominion Bank is a Moderate Buy with an average price target of C$85, representing a 16.3% upside. In a report issued on November 29, Barclays also maintained a Hold rating on the stock with a C$77 price target.
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Based on The Toronto-Dominion Bank’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of C$14.38 billion and net profit of C$2.94 billion. In comparison, last year the company earned revenue of C$11.62 billion and had a net profit of C$2.68 billion.
The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following business 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.
The company’s shares closed on Monday at C$73.06.
