Toronto Dominion Bank (NYSE:TD) Rating Increased to Buy at Desjardins

Key Points

• Toronto Dominion Bank (NYSE:TD) has been upgraded from a "hold" to a "buy" rating by Desjardins, signaling increased confidence among analysts regarding the bank's performance.
• Institutional investors have shown significant activity, with Oppenheimer & Co. increasing its holdings by 144.6% in the first quarter, reflecting growing interest in the stock.
• TD's stock has an average target price of $93.00, with a current price of $73.25 and a recent quarterly EPS of $1.39, exceeding expectations.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD was upgraded by Desjardins from a "hold" rating to a "buy" rating in a research report issued on Wednesday, Marketbeat Ratings reports. Desjardins also issued estimates for Toronto Dominion Bank's Q3 2025 earnings at $1.47 EPS, FY2025 earnings at $5.84 EPS and FY2026 earnings at $6.35 EPS.

A number of other equities research analysts have also weighed in on TD. Scotiabank assumed coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating for the company. Royal Bank Of Canada lifted their price objective on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Trading Up 0.0%

Shares of NYSE TD traded up $0.04 during midday trading on Wednesday, hitting $74.52. The company's stock had a trading volume of 1,290,850 shares, compared to its average volume of 1,822,281. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $75.58. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market cap of $127.81 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 1.68 and a beta of 0.84. The business's 50 day moving average is $73.03 and its two-hundred day moving average is $65.27.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. The firm had revenue of $10.97 billion during the quarter, compared to analyst estimates of $13.36 billion. During the same period last year, the company earned $2.04 EPS. As a group, equities research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Institutional Investors Weigh In On Toronto Dominion Bank

Large investors have recently modified their holdings of the business. Tobam grew its position in Toronto Dominion Bank by 44.5% during the 2nd quarter. Tobam now owns 490 shares of the bank's stock worth $36,000 after purchasing an additional 151 shares during the last quarter. Balanced Rock Investment Advisors LLC grew its position in Toronto Dominion Bank by 1.1% during the 1st quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank's stock worth $898,000 after purchasing an additional 163 shares during the last quarter. Wright Investors Service Inc. grew its position in Toronto Dominion Bank by 3.1% during the 2nd quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank's stock worth $428,000 after purchasing an additional 173 shares during the last quarter. MFA Wealth Services grew its position in Toronto Dominion Bank by 4.5% during the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock worth $250,000 after purchasing an additional 179 shares during the last quarter. Finally, Intrua Financial LLC grew its position in Toronto Dominion Bank by 2.4% during the 1st quarter. Intrua Financial LLC now owns 7,812 shares of the bank's stock worth $468,000 after purchasing an additional 183 shares during the last quarter. 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.