Wall Street Zen Upgrades Toronto Dominion Bank (NYSE:TD) to “Hold”

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

TD has been the subject of a number of other reports. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Trading Down 0.1%

TD opened at $94.59 on Friday. The company has a market cap of $159.81 billion, a P/E ratio of 11.22, a PEG ratio of 1.32 and a beta of 0.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $85.48 and its 200-day moving average is $78.92. Toronto Dominion Bank has a 1-year low of $52.63 and a 1-year high of $94.98.

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, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Equities research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in shares of Toronto Dominion Bank during the third quarter worth $27,000. Mather Group LLC. bought a new stake in Toronto Dominion Bank during the third quarter valued at $30,000. Sachetta LLC bought a new stake in Toronto Dominion Bank during the third quarter valued at $33,000. Quaker Wealth Management LLC grew its holdings in Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Toronto Dominion Bank in the 2nd quarter worth about $32,000. 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.