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

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

Several other research analysts also recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods assumed coverage on Toronto Dominion Bank in a report on Friday. They set a “market perform” rating on the stock. Finally, Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Trading Down 0.0%

NYSE:TD opened at $117.13 on Friday. The company has a market capitalization of $192.66 billion, a PE ratio of 18.27, a P/E/G ratio of 1.18 and a beta of 0.72. Toronto Dominion Bank has a 52-week low of $72.73 and a 52-week high of $125.46. The stock’s 50 day moving average price is $120.49 and its 200 day moving average price is $108.49. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The business had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the previous year, the company posted $1.97 EPS. The company’s quarterly revenue was down 31.1% on a year-over-year basis. On average, research analysts anticipate that Toronto Dominion Bank will post 6.99 EPS for the current year.

Institutional Trading of Toronto Dominion Bank

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bayban acquired a new position in shares of Toronto Dominion Bank during the fourth quarter worth about $28,000. Harvest Fund Management Co. Ltd lifted its position in Toronto Dominion Bank by 112.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after purchasing an additional 168 shares during the period. CBIZ Investment Advisory Services LLC purchased a new stake in Toronto Dominion Bank in the 4th quarter valued at approximately $34,000. Brown Lisle Cummings Inc. boosted its holdings in Toronto Dominion Bank by 88.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock valued at $38,000 after purchasing an additional 191 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after purchasing an additional 456 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

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.