Toronto-Dominion Bank (NYSE:TD) Lifted to “Sector Outperform” at Scotiabank

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports.

A number of other analysts have also commented on the company. Barclays assumed coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an “equal weight” rating for the company. Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a report on Thursday, February 22nd. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $89.33.

Toronto-Dominion Bank Trading Up 0.7 %

Shares of NYSE:TD traded up $0.41 during midday trading on Wednesday, reaching $56.54. The company’s stock had a trading volume of 1,676,639 shares, compared to its average volume of 2,926,206. The firm has a market capitalization of $99.69 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.74 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50 day moving average price of $59.48 and a two-hundred day moving average price of $60.09. Toronto-Dominion Bank has a fifty-two week low of $54.69 and a fifty-two week high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. As a group, analysts forecast that Toronto-Dominion Bank will post 5.85 earnings per share for the current year.

Institutional Investors Weigh In On Toronto-Dominion Bank

A number of large investors have recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new stake in shares of Toronto-Dominion Bank in the first quarter worth about $26,000. Fortis Capital Advisors LLC bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth about $26,000. PCA Investment Advisory Services Inc. bought a new stake in shares of Toronto-Dominion Bank in the second quarter worth about $26,000. Bray Capital Advisors grew its stake in shares of Toronto-Dominion Bank by 206.7% in the third quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Toronto-Dominion Bank in the first quarter worth about $29,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

About Toronto-Dominion Bank

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.