Toronto Dominion Bank (NYSE:TD) Upgraded at Wall Street Zen

Toronto Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other research analysts have also recently issued reports on TD. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Trading Down 0.1%

TD stock opened at $81.27 on Friday. The company has a market capitalization of $137.88 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $82.93. The company’s 50 day moving average price is $79.78 and its two-hundred day moving average price is $74.10.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.46 by $0.45. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 EPS. As a group, analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toronto Dominion Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC boosted its holdings in Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock valued at $26,000 after acquiring an additional 236 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at about $27,000. Mather Group LLC. purchased a new position in shares of Toronto Dominion Bank during the third quarter valued at about $30,000. Quaker Wealth Management LLC increased its position in shares of Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after buying an additional 856 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in Toronto Dominion Bank in the second quarter worth about $32,000. Institutional investors 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.