Toronto Dominion Bank (NYSE:TD) Rating Increased to Hold at Wall Street Zen

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

A number of other research analysts have also weighed in on the company. Canadian Imperial Bank of Commerce lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Finally, Zacks Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $93.00.

View Our Latest Analysis on TD

Toronto Dominion Bank Price Performance

NYSE:TD opened at $97.31 on Monday. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.84. The firm has a market cap of $162.63 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 1.27 and a beta of 0.66. The company’s 50-day moving average is $95.09 and its two-hundred day moving average is $85.71. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last posted its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.02 earnings per share. Research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Hedge Funds Weigh In On Toronto Dominion Bank

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Toronto Dominion Bank in the fourth quarter worth about $2,125,963,000. Canerector Inc. raised its holdings in shares of Toronto Dominion Bank by 11,028.0% during the third quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after acquiring an additional 22,056,000 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Toronto Dominion Bank in the 2nd quarter valued at approximately $267,475,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Toronto Dominion Bank by 41.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock valued at $1,121,660,000 after acquiring an additional 3,496,645 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in Toronto Dominion Bank in the 4th quarter worth approximately $299,850,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Key Stories Impacting Toronto Dominion Bank

Here are the key news stories impacting Toronto Dominion Bank this week:

Toronto Dominion Bank Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Toronto Dominion Bank (NYSE:TD)

Receive News & Ratings for Toronto Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.