Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
Other analysts have also recently issued reports about the company. CIBC upgraded Toronto-Dominion Bank from a “neutral” rating to a “sector outperform” rating in a research note on Monday, April 17th. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, March 3rd. Credit Suisse Group upgraded Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 8th. Finally, Barclays cut Toronto-Dominion Bank from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.57.
Toronto-Dominion Bank Trading Up 1.7 %
TD opened at $59.97 on Wednesday. Toronto-Dominion Bank has a 52 week low of $55.43 and a 52 week high of $70.67. The business has a fifty day simple moving average of $59.94 and a 200-day simple moving average of $63.12. The firm has a market cap of $110.32 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.57 and a beta of 0.88. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.11.
Institutional Trading of Toronto-Dominion Bank
A number of hedge funds and other institutional investors have recently made changes to their positions in TD. Fairfield Bush & CO. acquired a new stake in shares of Toronto-Dominion Bank during the first quarter worth about $26,000. BlackRock Inc. increased its position in shares of Toronto-Dominion Bank by 6.3% during the first quarter. BlackRock Inc. now owns 914,064 shares of the bank’s stock worth $72,595,000 after purchasing an additional 54,121 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Toronto-Dominion Bank during the first quarter worth about $200,000. Raymond James Trust N.A. increased its position in shares of Toronto-Dominion Bank by 1.7% during the first quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock worth $784,000 after purchasing an additional 161 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Toronto-Dominion Bank by 21.8% during the first quarter. Cetera Investment Advisers now owns 12,022 shares of the bank’s stock worth $955,000 after purchasing an additional 2,154 shares in the last quarter. Institutional investors and hedge funds own 49.22% of the company’s stock.
About Toronto-Dominion Bank
The Toronto-Dominion Bank engages in the provision of financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.
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