Toronto Dominion Bank (NYSE:TD) (TSE:TD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

According to Zacks, “Toronto Dominion Bank is a Canadian chartered bank and offers a wide range of business and consumer services. These services include checking and savings accounts, credit cards, mortgage and student loans,trusts, wills, estate planning,investment management services and financial and advisory services. “

Several other analysts have also weighed in on TD. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Toronto Dominion Bank in a research note on Thursday. Scotiabank reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Toronto Dominion Bank in a research note on Wednesday, November 22nd. BidaskClub lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Howard Weil raised Toronto Dominion Bank to an “outperform” rating in a research note on Monday, August 21st. Finally, Bank of America reaffirmed a “buy” rating on shares of Toronto Dominion Bank in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $72.50.

Shares of Toronto Dominion Bank (TD) opened at $57.79 on Friday. The stock has a market capitalization of $104,910.23, a price-to-earnings ratio of 13.46, a PEG ratio of 1.24 and a beta of 0.88. Toronto Dominion Bank has a 1-year low of $45.18 and a 1-year high of $58.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.05 billion. Toronto Dominion Bank had a return on equity of 15.27% and a net margin of 23.09%. Toronto Dominion Bank’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $1.27 earnings per share. research analysts anticipate that Toronto Dominion Bank will post 4.68 earnings per share for the current year.

Toronto Dominion Bank declared that its board has approved a stock repurchase plan on Thursday, August 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of the business. Omnia Family Wealth LLC raised its position in Toronto Dominion Bank by 0.4% in the second quarter. Omnia Family Wealth LLC now owns 5,615 shares of the bank’s stock valued at $283,000 after purchasing an additional 24 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Toronto Dominion Bank by 0.8% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,181 shares of the bank’s stock valued at $319,000 after purchasing an additional 47 shares during the last quarter. Teachers Advisors LLC raised its position in Toronto Dominion Bank by 3.7% in the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after purchasing an additional 92 shares during the last quarter. Advisor Partners LLC raised its position in Toronto Dominion Bank by 2.6% in the second quarter. Advisor Partners LLC now owns 5,140 shares of the bank’s stock valued at $259,000 after purchasing an additional 130 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Toronto Dominion Bank by 10.0% in the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after purchasing an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 48.66% of the company’s stock.

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Toronto Dominion Bank 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.

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Analyst Recommendations for Toronto Dominion Bank (NYSE:TD)

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