Toronto Dominion Bank (NYSE:TD) Rating Increased to Outperform at National Bank Financial

Toronto Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a report issued on Thursday.

Several other brokerages have also recently weighed in on TD. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Stock Down 0.5%

Shares of TD opened at $91.18 on Thursday. The business’s fifty day moving average price is $83.17 and its two-hundred day moving average price is $77.53. The firm has a market capitalization of $154.04 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.28 and a beta of 0.69. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $92.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping 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 company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Institutional Investors Weigh In On Toronto Dominion Bank

Several hedge funds have recently bought and sold shares of TD. Vanguard Group Inc. grew its holdings in shares of Toronto Dominion Bank by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock valued at $5,677,291,000 after buying an additional 2,552,603 shares during the period. TD Asset Management Inc increased its stake in 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 purchasing an additional 246,999 shares in the last quarter. 1832 Asset Management L.P. increased its stake in 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 worth $1,656,213,000 after purchasing an additional 101,678 shares in the last quarter. Canerector Inc. lifted 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 buying an additional 22,056,000 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Toronto Dominion Bank in the second quarter valued at approximately $1,543,639,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

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.