Toronto-Dominion Bank (NYSE:TD) Rating Lowered to Sell at StockNews.com

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other brokerages have also issued reports on TD. Royal Bank of Canada decreased their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Finally, Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $53.00 on Friday. The stock has a market cap of $92.76 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a 50 day moving average price of $55.02 and a 200-day moving average price of $57.35. Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $65.12.

Hedge Funds Weigh In On Toronto-Dominion Bank

Several hedge funds and other institutional investors have recently bought and sold shares of TD. Dunhill Financial LLC boosted its holdings in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Toronto-Dominion Bank in the second quarter worth about $49,000. Morse Asset Management Inc acquired a new stake in Toronto-Dominion Bank during the third quarter worth about $63,000. Eastern Bank purchased a new position in Toronto-Dominion Bank during the third quarter valued at approximately $66,000. Finally, Hexagon Capital Partners LLC lifted its holdings in Toronto-Dominion Bank by 18.5% in the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Company Profile

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.