Toronto-Dominion Bank (NYSE:TD) Lowered to Underperform at National Bank Financial

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD was downgraded by analysts at National Bank Financial from a "sector perform" rating to an "underperform" rating in a report released on Thursday, MarketBeat reports.

TD has been the subject of a number of other reports. Jefferies Financial Group started coverage on Toronto-Dominion Bank in a report on Thursday, February 22nd. They issued a "hold" rating for the company. Barclays started coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an "equal weight" rating on the stock. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of "Hold" and an average price target of $89.33.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD traded down $1.09 during mid-day trading on Thursday, hitting $55.01. 5,549,235 shares of the stock were exchanged, compared to its average volume of 3,017,167. Toronto-Dominion Bank has a twelve month low of $54.12 and a twelve month high of $66.15. The stock's fifty day simple moving average is $58.22 and its two-hundred day simple moving average is $59.99. 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 company has a market cap of $96.79 billion, a P/E ratio of 11.75, a PEG ratio of 1.75 and a beta of 0.84.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating 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 firm had revenue of $10.07 billion during the quarter, compared to analysts' expectations of $9.35 billion. As a group, analysts forecast that Toronto-Dominion Bank will post 5.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Toronto-Dominion Bank

Hedge funds have recently modified their holdings of the stock. Family Legacy Inc. lifted its stake in Toronto-Dominion Bank by 0.7% in the first quarter. Family Legacy Inc. now owns 26,351 shares of the bank's stock valued at $1,591,000 after acquiring an additional 172 shares during the last quarter. Private Trust Co. NA increased its position in Toronto-Dominion Bank by 10.6% during the fourth quarter. Private Trust Co. NA now owns 1,808 shares of the bank's stock worth $117,000 after buying an additional 174 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Toronto-Dominion Bank by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank's stock valued at $1,301,000 after buying an additional 174 shares during the period. Park Avenue Securities LLC lifted its position in shares of Toronto-Dominion Bank by 5.3% in the first quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank's stock valued at $220,000 after buying an additional 184 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its stake in shares of Toronto-Dominion Bank by 1.6% during the 1st quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank's stock worth $699,000 after acquiring an additional 186 shares during the period. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Company Profile

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.