Toronto Dominion Bank (NYSE:TD) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Toronto Dominion Bank (NYSE:TD) (TSE:TD) to a hold rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Finally, Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $83.40 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $80.65 and a 200 day moving average price of $75.23. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $83.57. The stock has a market cap of $140.91 billion, a P/E ratio of 9.74, a PEG ratio of 1.68 and a beta of 0.79.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. Sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Hedge Funds Weigh In On Toronto Dominion Bank

Institutional investors have recently added to or reduced their stakes in the stock. Independence Financial Advisors LLC purchased a new position in shares of Toronto Dominion Bank during the 1st quarter worth approximately $243,000. Natixis Advisors LLC raised its position in Toronto Dominion Bank by 57.1% in the first quarter. Natixis Advisors LLC now owns 67,083 shares of the bank’s stock worth $4,021,000 after acquiring an additional 24,378 shares in the last quarter. Brentview Investment Management LLC purchased a new position in Toronto Dominion Bank in the first quarter worth $40,000. US Bancorp DE lifted its holdings in Toronto Dominion Bank by 19.1% in the first quarter. US Bancorp DE now owns 19,666 shares of the bank’s stock valued at $1,179,000 after acquiring an additional 3,154 shares during the period. Finally, Alberta Investment Management Corp boosted its position in shares of Toronto Dominion Bank by 2.9% during the 1st quarter. Alberta Investment Management Corp now owns 4,629,156 shares of the bank’s stock worth $277,347,000 after purchasing an additional 131,158 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

About Toronto Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.