Toronto Dominion Bank (NYSE:TD) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Toronto Dominion Bank from a "sell" to a "hold"; the stock's consensus rating is a Moderate Buy with a $93.00 price target (3 Strong Buy, 2 Buy, 4 Hold).
• TD reported quarterly EPS of $1.76 versus $1.63 expected and revenue of $11.01 billion versus $10.43 billion, with revenue up 18.1% year‑over‑year and a 14.29% return on equity.
• Shares opened around $105.08, reflecting a market cap of about $174 billion and a P/E of 11.61, with a 12‑month range of $61.88 to $106.94.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

TD has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. Weiss Ratings raised shares of Toronto Dominion Bank from a "buy (b)" rating to a "buy (a-)" rating in a research note on Friday, March 27th. Finally, Zacks Research raised shares of Toronto Dominion Bank from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.00.

Toronto Dominion Bank Trading Up 0.0%

Shares of NYSE:TD opened at $105.08 on Friday. The firm has a fifty day moving average of $97.41 and a two-hundred day moving average of $91.43. The firm has a market capitalization of $174.03 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.20 and a beta of 0.65. Toronto Dominion Bank has a 12-month low of $61.88 and a 12-month high of $106.94. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The company's revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted $2.02 EPS. On average, equities analysts expect that Toronto Dominion Bank will post 6.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Toronto Dominion Bank

Institutional investors and hedge funds have recently modified their holdings of the business. Bayban acquired a new stake in shares of Toronto Dominion Bank in the 4th quarter valued at $28,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Toronto Dominion Bank by 112.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank's stock valued at $30,000 after purchasing an additional 168 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Toronto Dominion Bank in the 3rd quarter valued at $27,000. CBIZ Investment Advisory Services LLC acquired a new stake in shares of Toronto Dominion Bank in the 4th quarter valued at $34,000. Finally, Mather Group LLC. acquired a new stake in shares of Toronto Dominion Bank in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada's largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD's core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.

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