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

Key Points

• Toronto Dominion Bank's stock retains a "buy (B)" rating from Weiss Ratings, indicating positive analyst sentiment towards its performance.
• The bank reported earnings of $1.91 per share in its last quarterly results, exceeding analysts' expectations of $1.46 per share.
• Consensus rating for the stock sits at "Hold", with a target price of $93.00 following various upgrades and downgrades from analysts.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD's stock had its "buy (b)" rating restated by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other equities analysts have also commented on TD. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a report on Friday, October 3rd. Zacks Research lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen lowered shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a report on Friday, September 26th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

Shares of Toronto Dominion Bank stock opened at $80.96 on Friday. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $137.70 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.66 and a beta of 0.80. The company's 50 day moving average price is $77.63 and its two-hundred day moving average price is $71.77.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.45. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. Toronto Dominion Bank's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 earnings per share. On average, equities analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toronto Dominion Bank

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HBK Sorce Advisory LLC increased its stake in Toronto Dominion Bank by 5.0% in the third quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank's stock valued at $238,000 after purchasing an additional 141 shares in the last quarter. Tobam increased its stake in Toronto Dominion Bank by 44.5% in the second quarter. Tobam now owns 490 shares of the bank's stock valued at $36,000 after purchasing an additional 151 shares in the last quarter. Balanced Rock Investment Advisors LLC increased its stake in Toronto Dominion Bank by 1.1% in the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank's stock valued at $898,000 after purchasing an additional 163 shares in the last quarter. PDS Planning Inc increased its stake in Toronto Dominion Bank by 2.2% in the third quarter. PDS Planning Inc now owns 7,808 shares of the bank's stock valued at $624,000 after purchasing an additional 169 shares in the last quarter. Finally, Wright Investors Service Inc. increased its stake in Toronto Dominion Bank by 3.1% in the second quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank's stock valued at $428,000 after purchasing an additional 173 shares in the last quarter. 52.37% of the stock is owned by 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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