RBC Capital Sticks to Their Buy Rating for Toronto Dominion Bank (TD)

RBC Capital analyst Darko Mihelic maintained a Buy rating on Toronto Dominion Bank (TDResearch Report) on September 20 and set a price target of C$106.00. The company’s shares closed yesterday at $63.97.

Mihelic covers the Financial sector, focusing on stocks such as Bank Of Montreal, Toronto Dominion Bank, and Bank Of Nova Scotia. According to TipRanks, Mihelic has an average return of 5.1% and a 57.98% success rate on recommended stocks.

In addition to RBC Capital, Toronto Dominion Bank also received a Buy from Fundamental Research’s Siddharth Rajeev in a report issued on September 7. However, on the same day, CIBC maintained a Hold rating on Toronto Dominion Bank (NYSE: TD).

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Based on Toronto Dominion Bank’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $11.5 billion and a net profit of $3.21 billion. In comparison, last year the company earned a revenue of $10.6 billion and had a net profit of $3.55 billion

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incorporated in 1955, The Toronto-Dominion Bank is a leading provider of financial products and services in Canada. It is the sixth largest bank in North America by
branches and serves over 26 million customers. It operates through Canadian Retail, U.S. Retail, and Wholesale Banking segments.

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