Toronto Dominion Bank (NYSE:TD) Stock Rating Upgraded by Wall Street Zen

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

TD has been the topic of a number of other research reports. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $95.33 on Friday. The stock has a market capitalization of $159.32 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.31 and a beta of 0.67. The business has a 50-day moving average of $94.06 and a two-hundred day moving average of $83.93. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The business had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $10.10 billion. During the same period last year, the business earned $1.72 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Toronto Dominion Bank by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 77,252,688 shares of the bank’s stock worth $7,280,911,000 after buying an additional 765,107 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Toronto Dominion Bank by 0.7% during the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock worth $3,008,096,000 after acquiring an additional 246,999 shares during the period. Norges Bank bought a new position in shares of Toronto Dominion Bank during the 4th quarter worth about $2,125,963,000. 1832 Asset Management L.P. boosted its position in shares of Toronto Dominion Bank by 0.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock valued at $1,656,213,000 after acquiring an additional 101,678 shares in the last quarter. Finally, Canerector Inc. increased its stake in Toronto Dominion Bank by 11,028.0% in the third quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after acquiring an additional 22,056,000 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

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.