Toronto Dominion Bank (NYSE:TD) Stock Rating Upgraded by Wall Street Zen

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

TD has been the topic of several other research reports. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Finally, Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Stock Up 0.1%

NYSE:TD opened at $94.61 on Friday. The company has a market capitalization of $159.84 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 1.32 and a beta of 0.69. The stock has a 50-day simple moving average of $85.19 and a 200 day simple moving average of $78.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a one year low of $52.63 and a one year high of $94.83.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same period in the previous year, the business earned $1.72 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Institutional Trading of Toronto Dominion Bank

Hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC bought a new position in shares of Toronto Dominion Bank in the third quarter valued at approximately $27,000. Mather Group LLC. acquired a new stake in shares of Toronto Dominion Bank in the 3rd quarter valued at approximately $30,000. Sachetta LLC acquired a new position in shares of Toronto Dominion Bank in the 3rd quarter valued at $33,000. Quaker Wealth Management LLC increased its holdings in shares of Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Toronto Dominion Bank during the 2nd quarter worth approximately $32,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.