Toronto-Dominion Bank (TD) Given Consensus Rating of “Hold” by Brokerages

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) has received an average rating of “Hold” from the fourteen analysts that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $59.39.

Several research firms recently commented on TD. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. TheStreet upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $65.00 price target (down previously from $66.00) on shares of Toronto-Dominion Bank in a research report on Friday, December 2nd.

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Several large investors have recently modified their holdings of the stock. Neville Rodie & Shaw Inc. raised its position in Toronto-Dominion Bank by 0.5% in the third quarter. Neville Rodie & Shaw Inc. now owns 22,090 shares of the company’s stock valued at $980,000 after buying an additional 100 shares in the last quarter. Bremer Trust National Association raised its position in Toronto-Dominion Bank by 2.2% in the third quarter. Bremer Trust National Association now owns 5,041 shares of the company’s stock valued at $224,000 after buying an additional 110 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Toronto-Dominion Bank by 1.9% in the third quarter. Checchi Capital Advisers LLC now owns 6,548 shares of the company’s stock valued at $291,000 after buying an additional 123 shares in the last quarter. Private Advisor Group LLC raised its position in Toronto-Dominion Bank by 0.6% in the fourth quarter. Private Advisor Group LLC now owns 23,138 shares of the company’s stock valued at $1,183,000 after buying an additional 130 shares in the last quarter. Finally, Stephens Inc. AR raised its position in Toronto-Dominion Bank by 0.9% in the third quarter. Stephens Inc. AR now owns 16,684 shares of the company’s stock valued at $741,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 53.66% of the company’s stock.

Shares of Toronto-Dominion Bank (NYSE:TD) opened at 49.13 on Tuesday. The stock’s 50 day moving average is $51.75 and its 200 day moving average is $48.12. The stock has a market capitalization of $91.20 billion, a PE ratio of 13.75 and a beta of 0.97. Toronto-Dominion Bank has a 52 week low of $40.99 and a 52 week high of $54.44.

Toronto-Dominion Bank (NYSE:TD) last released its earnings results on Thursday, March 2nd. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. Toronto-Dominion Bank had a net margin of 21.61% and a return on equity of 18.23%. The business earned $9.12 billion during the quarter, compared to analyst estimates of $8.47 billion. During the same period in the prior year, the business earned $1.18 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts anticipate that Toronto-Dominion Bank will post $3.94 EPS for the current fiscal year.

About Toronto-Dominion Bank

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.

5 Day Chart for NYSE:TD

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