Toronto Dominion Bank (NYSE:TD) Stock Rating Upgraded by Desjardins

Toronto Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by stock analysts at Desjardins from a “hold” rating to a “buy” rating in a report released on Wednesday, Marketbeat reports. Desjardins also issued estimates for Toronto Dominion Bank’s Q3 2025 earnings at $1.47 EPS, FY2025 earnings at $5.84 EPS and FY2026 earnings at $6.35 EPS.

Other research analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Royal Bank Of Canada increased their price target on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a “sector perform” rating in a research note on Friday, May 23rd. Finally, Scotiabank initiated coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a “sector perform” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Hold” and an average target price of $93.00.

Toronto Dominion Bank Stock Up 0.0%

Shares of TD stock opened at $74.52 on Wednesday. The firm has a fifty day moving average of $73.03 and a 200-day moving average of $65.27. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $75.58. The company has a market capitalization of $127.81 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 1.68 and a beta of 0.84.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. As a group, equities research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toronto Dominion Bank

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Toronto Dominion Bank during the 2nd quarter worth approximately $1,543,639,000. Goldman Sachs Group Inc. grew its holdings in Toronto Dominion Bank by 93.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after acquiring an additional 5,917,078 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in Toronto Dominion Bank by 48.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock worth $886,174,000 after acquiring an additional 4,853,498 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Toronto Dominion Bank by 81.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after acquiring an additional 4,729,657 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Toronto Dominion Bank during the 2nd quarter worth approximately $267,475,000. 52.37% of the stock is owned by institutional investors.

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.