Toronto Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by analysts at CIBC from a “neutral” rating to an “outperform” rating in a report released on Thursday, The Fly reports.
TD has been the topic of a number of other research reports. Zacks Investment Research lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Bank of America set a $87.00 price target on Toronto Dominion Bank and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank reaffirmed a “buy” rating and set a $83.00 price target on shares of Toronto Dominion Bank in a research report on Wednesday, November 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 price target on shares of Toronto Dominion Bank in a research report on Thursday, November 30th. Finally, Macquarie assumed coverage on Toronto Dominion Bank in a research report on Tuesday, October 24th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $75.40.
Toronto Dominion Bank (NYSE TD) traded down $0.07 during midday trading on Thursday, hitting $60.74. The stock had a trading volume of 959,822 shares, compared to its average volume of 1,145,301. The firm has a market capitalization of $111,390.00, a price-to-earnings ratio of 13.63, a P/E/G ratio of 1.61 and a beta of 0.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.93. Toronto Dominion Bank has a 52 week low of $45.18 and a 52 week high of $61.06.
Several large investors have recently bought and sold shares of TD. Arrowstreet Capital Limited Partnership grew its holdings in shares of Toronto Dominion Bank by 44.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 6,535,700 shares of the bank’s stock worth $329,248,000 after buying an additional 2,022,507 shares in the last quarter. DSM Capital Partners LLC bought a new position in shares of Toronto Dominion Bank during the third quarter worth about $103,030,000. Great West Life Assurance Co. Can grew its holdings in shares of Toronto Dominion Bank by 9.0% during the third quarter. Great West Life Assurance Co. Can now owns 18,089,766 shares of the bank’s stock worth $1,016,362,000 after buying an additional 1,496,114 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Toronto Dominion Bank by 18.9% during the third quarter. Schroder Investment Management Group now owns 7,909,119 shares of the bank’s stock worth $555,292,000 after buying an additional 1,256,500 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. grew its holdings in shares of Toronto Dominion Bank by 38.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 2,504,411 shares of the bank’s stock worth $140,675,000 after buying an additional 696,512 shares in the last quarter. Institutional investors and hedge funds own 48.60% of the company’s stock.
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About Toronto Dominion Bank
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.
