Howard Weil upgraded shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) to an outperform rating in a research note released on Monday morning.

A number of other equities analysts have also issued reports on TD. Zacks Investment Research lowered shares of Toronto Dominion Bank (The) from a hold rating to a sell rating in a research report on Thursday, May 4th. National Bank Financial restated a sector perform overweight rating on shares of Toronto Dominion Bank (The) in a research report on Thursday, May 18th. Barclays PLC upgraded shares of Toronto Dominion Bank (The) from an underweight rating to an equal weight rating in a research report on Tuesday, May 23rd. Royal Bank Of Canada raised their price objective on shares of Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a sector perform rating in a research report on Friday, May 26th. Finally, BidaskClub upgraded shares of Toronto Dominion Bank (The) from a sell rating to a hold rating in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $62.83.

Toronto Dominion Bank (TD) opened at 51.48 on Monday. The company’s 50 day moving average is $51.06 and its 200 day moving average is $49.78. Toronto Dominion Bank has a 52-week low of $43.09 and a 52-week high of $54.44. The firm has a market cap of $94.90 billion, a P/E ratio of 12.92 and a beta of 0.89.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $8.72 billion. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. Toronto Dominion Bank (The)’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 EPS. Equities research analysts forecast that Toronto Dominion Bank will post $4.27 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of TD. Meeder Asset Management Inc. raised its stake in Toronto Dominion Bank (The) by 25.5% in the first quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock worth $110,000 after buying an additional 444 shares in the last quarter. Parallel Advisors LLC raised its stake in Toronto Dominion Bank (The) by 10.0% in the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after buying an additional 196 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in Toronto Dominion Bank (The) by 5.2% in the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock worth $117,000 after buying an additional 114 shares in the last quarter. Cribstone Capital Management LLC raised its stake in Toronto Dominion Bank (The) by 47.3% in the second quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock worth $118,000 after buying an additional 752 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in Toronto Dominion Bank (The) by 26.1% in the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after buying an additional 487 shares in the last quarter. 52.43% of the stock is owned by institutional investors.

Toronto Dominion Bank (The) Company Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It 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.

Analyst Recommendations for Toronto Dominion Bank (The) (NYSE:TD)

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