Toronto Dominion Bank (NYSE:TD) Stock Rating Upgraded by Natl Bk Canada

Toronto Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by research analysts at Natl Bk Canada from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research 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 report on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Finally, National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday. One equities 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Price Performance

TD stock opened at $92.52 on Wednesday. The stock has a 50-day moving average price of $83.43 and a two-hundred day moving average price of $77.64. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $93.08. The stock has a market cap of $156.31 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.27 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.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating analysts’ consensus estimates 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%.The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.72 earnings per share. Equities analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Institutional Trading of Toronto Dominion Bank

A number of large investors have recently added to or reduced their stakes in TD. Canada Pension Plan Investment Board grew its stake in shares of Toronto Dominion Bank by 18.5% in the second quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank’s stock valued at $917,832,000 after acquiring an additional 1,946,172 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Toronto Dominion Bank by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank’s stock valued at $1,010,852,000 after purchasing an additional 115,203 shares during the period. Triasima Portfolio Management inc. acquired a new position in shares of Toronto Dominion Bank during the 2nd quarter worth approximately $8,492,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Toronto Dominion Bank by 41.9% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank’s stock worth $264,134,000 after purchasing an additional 1,302,281 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Toronto Dominion Bank in the second quarter valued at approximately $267,475,000. Institutional investors and hedge funds 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.