The Toronto-Dominion Bank (TD) Scheduled to Post Earnings on Thursday
The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) is scheduled to issue its Q416 quarterly earnings data on Thursday, December 1st. Analysts expect the company to announce earnings of $0.91 per share and revenue of $6.08 billion for the quarter.
Shares of The Toronto-Dominion Bank (NYSE:TD) traded down 0.48% during trading on Wednesday, hitting $47.51. The stock had a trading volume of 726,792 shares. The company has a market cap of $88.12 billion, a PE ratio of 14.48 and a beta of 0.97. The Toronto-Dominion Bank has a 1-year low of $33.49 and a 1-year high of $48.04. The firm’s 50 day moving average is $45.51 and its 200 day moving average is $44.22.
Several equities analysts have weighed in on TD shares. Barclays PLC reissued an “underweight” rating and set a $55.00 price objective (up from $51.00) on shares of The Toronto-Dominion Bank in a report on Sunday, August 21st. Zacks Investment Research lowered The Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Citigroup Inc. increased their price objective on The Toronto-Dominion Bank from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, September 14th. CIBC downgraded The Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, August 26th. Finally, Bank of America Corp. initiated coverage on The Toronto-Dominion Bank in a research report on Tuesday, November 1st. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $57.81.
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A number of large investors have recently added to or reduced their stakes in TD. Teachers Advisors Inc. increased its stake in The Toronto-Dominion Bank by 993.0% in the second quarter. Teachers Advisors Inc. now owns 2,820 shares of the company’s stock worth $121,000 after buying an additional 2,562 shares during the last quarter. AHL Partners LLP bought a new position in shares of The Toronto-Dominion Bank during the second quarter worth about $201,000. Seven Eight Capital LLC bought a new position in shares of The Toronto-Dominion Bank during the second quarter worth about $245,000. Nuveen Fund Advisors LLC bought a new position in shares of The Toronto-Dominion Bank during the second quarter worth about $334,000. Finally, Compagnie Lombard Odier SCmA boosted its position in shares of The Toronto-Dominion Bank by 5.8% in the second quarter. Compagnie Lombard Odier SCmA now owns 7,830 shares of the company’s stock worth $335,000 after buying an additional 430 shares during the period. Institutional investors and hedge funds own 53.58% of the company’s stock.
About The Toronto-Dominion Bank
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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