Toronto Dominion Bank (NYSE:TD) Upgraded at 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 report issued on Saturday.

A number of other equities analysts have also weighed in on TD. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. 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. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Down 0.3%

NYSE TD opened at $95.33 on Friday. Toronto Dominion Bank has a 12 month low of $54.87 and a 12 month high of $99.04. The company has a market capitalization of $159.32 billion, a P/E ratio of 11.31, a PEG ratio of 1.31 and a beta of 0.67. The company’s 50 day simple moving average is $94.06 and its 200 day simple moving average is $83.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at about $27,000. Mather Group LLC. bought a new position in Toronto Dominion Bank during the third quarter valued at approximately $30,000. Harvest Fund Management Co. Ltd raised its position in Toronto Dominion Bank by 112.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after acquiring an additional 168 shares in the last quarter. Quaker Wealth Management LLC lifted its stake in Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after acquiring an additional 856 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Toronto Dominion Bank in the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

About Toronto Dominion Bank

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.