BidaskClub upgraded shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) from a sell rating to a hold rating in a report published on Saturday morning.

TD has been the topic of several other reports. Zacks Investment Research downgraded Toronto Dominion Bank (The) from a hold rating to a sell rating in a report on Thursday, May 4th. Royal Bank Of Canada lifted their price objective on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the stock a sector perform rating in a report on Friday, May 26th. Scotiabank upgraded Toronto Dominion Bank (The) from a sector perform rating to an outperform rating in a report on Monday, August 21st. Howard Weil upgraded Toronto Dominion Bank (The) to an outperform rating in a report on Monday, August 21st. Finally, National Bank Financial restated a sector perform overweight rating on shares of Toronto Dominion Bank (The) in a report on Thursday, May 18th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $63.50.

Toronto Dominion Bank (NYSE:TD) opened at 51.66 on Friday. The stock has a 50 day moving average of $51.13 and a 200-day moving average of $49.80. The company has a market capitalization of $95.23 billion, a PE ratio of 12.96 and a beta of 0.89. Toronto Dominion Bank has a 12-month low of $43.09 and a 12-month high of $54.44.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TD. Meeder Asset Management Inc. raised its position in Toronto Dominion Bank (The) by 25.5% in the first quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock worth $110,000 after buying an additional 444 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Toronto Dominion Bank (The) by 10.0% in the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after buying an additional 196 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in shares of Toronto Dominion Bank (The) by 5.2% in the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock valued at $117,000 after buying an additional 114 shares during the last quarter. Cribstone Capital Management LLC increased its stake in shares of Toronto Dominion Bank (The) by 47.3% in the second quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock valued at $118,000 after buying an additional 752 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Toronto Dominion Bank (The) by 26.1% in the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after buying an additional 487 shares during the last quarter. Institutional investors and hedge funds own 47.85% of the company’s stock.

About Toronto Dominion Bank (The)

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Analyst Recommendations for Toronto Dominion Bank (The) (NYSE:TD)

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