Toronto-Dominion Bank Coverage Initiated at Canaccord Genuity (TD)
Equities research analysts at Canaccord Genuity initiated coverage on shares of Toronto-Dominion Bank (NYSE:TD) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Separately, analysts at Citigroup Inc. downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a research note on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $99.00.
Shares of Toronto-Dominion Bank (NYSE:TD) traded down 0.83% on Thursday, hitting $47.69. 649,581 shares of the company’s stock traded hands. Toronto-Dominion Bank has a 52-week low of $38.22 and a 52-week high of $48.22. The stock’s 50-day moving average is $46.77 and its 200-day moving average is $45.63. The company has a market cap of $87.640 billion and a P/E ratio of 13.12.
Toronto-Dominion Bank (NYSE:TD) last issued its quarterly earnings data on Thursday, February 27th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.01. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $6.75 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that Toronto-Dominion Bank will post $4.20 EPS for the current fiscal year.
The Toronto-Dominion Bank is a Canada-based bank. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (NYSE:TD).
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