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

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

Several other research firms have also commented on TD. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. 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. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Price Performance

Shares of NYSE TD opened at $95.33 on Friday. The stock has a market capitalization of $159.32 billion, a PE ratio of 11.31, a P/E/G ratio of 1.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average price of $94.06 and a two-hundred day moving average price of $84.08. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.04.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. The company had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.Toronto Dominion Bank’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 EPS. As a group, equities analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd increased its position in Toronto Dominion Bank by 112.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after acquiring an additional 168 shares during the period. True Wealth Design LLC acquired a new stake in Toronto Dominion Bank in the third quarter valued at $27,000. CBIZ Investment Advisory Services LLC acquired a new stake in Toronto Dominion Bank in the fourth quarter valued at $34,000. Mather Group LLC. bought a new position in shares of Toronto Dominion Bank during the third quarter worth about $30,000. Finally, Sachetta LLC acquired a new position in shares of Toronto Dominion Bank in the third quarter worth approximately $33,000. Institutional investors own 52.37% of the company’s stock.

About Toronto Dominion Bank

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.