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

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

Several other research firms have also commented on TD. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Zacks Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Trading Up 1.2%

Shares of NYSE:TD opened at $96.99 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.04. The business has a 50 day moving average of $94.61 and a two-hundred day moving average of $84.81. The company has a market capitalization of $162.09 billion, a PE ratio of 11.50, a PEG ratio of 1.29 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The business had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $1.72 EPS. As a group, analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

Institutional Trading of Toronto Dominion Bank

Several large investors have recently bought and sold shares of TD. Harvest Fund Management Co. Ltd boosted its holdings in shares of Toronto Dominion Bank by 112.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after purchasing an additional 168 shares during the last quarter. True Wealth Design LLC purchased a new position in Toronto Dominion Bank during the third quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC acquired a new position in Toronto Dominion Bank during the fourth quarter worth $34,000. Mather Group LLC. acquired a new position in Toronto Dominion Bank during the third quarter worth $30,000. Finally, Sachetta LLC purchased a new stake in Toronto Dominion Bank in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

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.