Toronto Dominion Bank's (TD) "Buy (B)" Rating Reaffirmed at Weiss Ratings

Key Points

• Toronto Dominion Bank's stock has had its "buy" rating reaffirmed by Weiss Ratings, while other analysts have provided mixed ratings, leading to a consensus rating of "hold."
• The bank's shares fell by 0.5% to $80.52, with a market capitalization of $136.95 billion and a PE ratio of 9.41.
• TD reported $1.91 earnings per share (EPS) for the quarter, exceeding estimates, with a year-over-year revenue increase of 7.9%.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD's stock had its "buy (b)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

TD has been the subject of a number of other reports. Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada raised Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research note on Friday, October 3rd. Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Stock Down 0.5%

Shares of NYSE:TD traded down $0.39 on Wednesday, hitting $80.52. 2,563,050 shares of the company's stock were exchanged, compared to its average volume of 1,927,708. The company has a market capitalization of $136.95 billion, a PE ratio of 9.41, a P/E/G ratio of 1.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $82.08. The firm's 50-day moving average is $76.09 and its 200 day moving average is $70.07.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $13.73 billion. During the same period in the prior year, the firm earned $2.05 EPS. The business's revenue was up 7.9% on a year-over-year basis. Sell-side analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Institutional Trading of Toronto Dominion Bank

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Toronto Dominion Bank in the second quarter valued at approximately $1,543,639,000. Goldman Sachs Group Inc. boosted its position in shares of Toronto Dominion Bank by 93.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank's stock worth $732,252,000 after buying an additional 5,917,078 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in Toronto Dominion Bank by 48.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank's stock worth $886,174,000 after purchasing an additional 4,853,498 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Toronto Dominion Bank by 81.6% in the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank's stock valued at $630,746,000 after buying an additional 4,729,657 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in Toronto Dominion Bank during the 2nd quarter valued at $267,475,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

About Toronto Dominion Bank

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.

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