Scotiabank Begins Coverage on Toronto-Dominion Bank (NYSE:TD)

Research analysts at Scotiabank assumed coverage on shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in a research note issued on Thursday, Marketbeat.com reports. The firm set a “sector perform” rating on the bank’s stock.

A number of other brokerages have also weighed in on TD. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, StockNews.com raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

NYSE:TD opened at $64.27 on Thursday. The firm’s fifty day moving average is $60.69 and its two-hundred day moving average is $57.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.97. The firm has a market cap of $111.56 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.95 and a beta of 0.81.

Institutional Trading of Toronto-Dominion Bank

A number of hedge funds have recently bought and sold shares of TD. Wealth Enhancement Advisory Services LLC boosted its position in Toronto-Dominion Bank by 44.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,977 shares of the bank’s stock valued at $531,000 after buying an additional 3,082 shares during the period. Pines Wealth Management LLC purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $274,000. Godsey & Gibb Inc. lifted its position in shares of Toronto-Dominion Bank by 1.8% during the 4th quarter. Godsey & Gibb Inc. now owns 334,340 shares of the bank’s stock worth $17,800,000 after purchasing an additional 5,826 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its position in shares of Toronto-Dominion Bank by 1.2% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,469,207 shares of the bank’s stock worth $78,193,000 after purchasing an additional 16,714 shares during the last quarter. Finally, Avanza Fonder AB acquired a new stake in Toronto-Dominion Bank during the 4th quarter worth $6,416,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.