A Wall Street analyst has provided a rating update for the Financial sector company yesterday, while remaining neutral on the stock. Analyst John Aiken from Barclays remains neutral on The Toronto-Dominion Bank (TD) and has a C$79 price target.
According to TipRanks.com, Aiken is a 1-star analyst with an average return of -1.4% and a 41.2% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
Currently, the analyst consensus on The Toronto-Dominion Bank is a Moderate Buy with an average price target of C$82.43, implying a 9.2% upside from current levels. In a report released yesterday, National Bank also downgraded the stock to Hold with a C$85 price target.
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Based on The Toronto-Dominion Bank’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of C$14.68 billion and net profit of C$2.39 billion. In comparison, last year the company earned revenue of C$12.68 billion and had a net profit of C$2.9 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 Thursday at C$75.47.
