Several other analysts have also recently issued reports on the company. BMO Capital Markets reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, February 28th. Zacks Investment Research cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Toronto-Dominion Bank currently has an average rating of “Hold” and an average target price of $60.00.
Shares of TD traded down $0.02 during mid-day trading on Friday, hitting $55.25. 832,026 shares of the stock were exchanged, compared to its average volume of 1,234,216. The stock has a market capitalization of $100.65 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06. Toronto-Dominion Bank has a 52-week low of $47.73 and a 52-week high of $62.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.93 and a quick ratio of 0.93.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, February 28th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.13). The firm had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.35 billion. Toronto-Dominion Bank had a return on equity of 16.36% and a net margin of 20.48%. On average, sell-side analysts expect that Toronto-Dominion Bank will post 5.07 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lincluden Management Ltd. grew its position in Toronto-Dominion Bank by 0.7% in the 1st quarter. Lincluden Management Ltd. now owns 1,727,761 shares of the bank’s stock valued at $93,761,000 after acquiring an additional 12,155 shares during the last quarter. Security National Bank of SO Dak grew its position in Toronto-Dominion Bank by 5.7% in the 1st quarter. Security National Bank of SO Dak now owns 17,848 shares of the bank’s stock valued at $970,000 after acquiring an additional 961 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in Toronto-Dominion Bank in the 1st quarter valued at $1,767,000. Maverick Capital Ltd. grew its position in Toronto-Dominion Bank by 3.4% in the 1st quarter. Maverick Capital Ltd. now owns 230,290 shares of the bank’s stock valued at $12,512,000 after acquiring an additional 7,510 shares during the last quarter. Finally, M&T Bank Corp grew its position in Toronto-Dominion Bank by 0.4% in the 1st quarter. M&T Bank Corp now owns 523,241 shares of the bank’s stock valued at $28,423,000 after acquiring an additional 2,334 shares during the last quarter. 49.74% of the stock is currently owned by hedge funds and other institutional investors.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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