Toronto-Dominion Bank (NYSE:TD) Upgraded by StockNews.com to Hold

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

TD has been the subject of a number of other reports. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. BMO Capital Markets cut their price target on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating on the stock in a report on Friday, May 24th. Barclays initiated coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. Finally, UBS Group started coverage on Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $88.00.

Toronto-Dominion Bank Trading Up 0.9 %

Shares of NYSE:TD traded up $0.50 on Monday, hitting $57.25. The company had a trading volume of 3,418,382 shares, compared to its average volume of 2,927,061. The firm’s 50-day simple moving average is $55.57 and its two-hundred day simple moving average is $58.35. Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $66.15. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $100.04 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 1.56 and a beta of 0.82.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. The company had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Equities analysts anticipate that Toronto-Dominion Bank will post 5.86 earnings per share for the current fiscal year.

Institutional Trading of Toronto-Dominion Bank

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mather Group LLC. bought a new position in Toronto-Dominion Bank during the 1st quarter valued at $29,000. LifeSteps Financial Inc. bought a new stake in shares of Toronto-Dominion Bank in the first quarter valued at about $30,000. Bank of New Hampshire bought a new position in Toronto-Dominion Bank during the fourth quarter worth about $32,000. Avior Wealth Management LLC raised its stake in shares of Toronto-Dominion Bank by 92.9% in the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after acquiring an additional 286 shares during the last quarter. Finally, Optiver Holding B.V. bought a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $39,000. 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.