Shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) have been given a consensus rating of “Hold” by the fourteen brokerages that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $59.39.
TD has been the topic of a number of research reports. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $73.00 to $68.00 in a research report on Monday, March 13th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday, January 12th. Finally, TheStreet raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13th.
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Toronto-Dominion Bank (NYSE:TD) opened at 49.13 on Tuesday. Toronto-Dominion Bank has a 1-year low of $40.99 and a 1-year high of $54.44. The company has a 50-day moving average of $51.75 and a 200-day moving average of $48.12. The firm has a market capitalization of $91.20 billion, a price-to-earnings ratio of 13.75 and a beta of 0.97.
Toronto-Dominion Bank (NYSE:TD) last announced its quarterly earnings results on Thursday, March 2nd. The company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.03. Toronto-Dominion Bank had a net margin of 21.61% and a return on equity of 18.23%. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same quarter in the previous year, the firm posted $1.18 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts predict that Toronto-Dominion Bank will post $3.94 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. Stifel Financial Corp raised its stake in shares of Toronto-Dominion Bank by 127.9% in the second quarter. Stifel Financial Corp now owns 55,565 shares of the company’s stock worth $2,386,000 after buying an additional 31,181 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Toronto-Dominion Bank by 4.5% in the second quarter. Hillsdale Investment Management Inc. now owns 185,730 shares of the company’s stock worth $7,967,000 after buying an additional 8,000 shares during the last quarter. Security National Bank of SO Dak increased its position in shares of Toronto-Dominion Bank by 2.3% in the second quarter. Security National Bank of SO Dak now owns 16,323 shares of the company’s stock worth $701,000 after buying an additional 365 shares during the last quarter. Security National Bank of Sioux City Iowa IA increased its position in shares of Toronto-Dominion Bank by 5.4% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 18,445 shares of the company’s stock worth $792,000 after buying an additional 940 shares during the last quarter. Finally, Blue Chip Partners Inc. increased its position in shares of Toronto-Dominion Bank by 11.9% in the second quarter. Blue Chip Partners Inc. now owns 68,956 shares of the company’s stock worth $2,954,000 after buying an additional 7,345 shares during the last quarter. 53.66% of the stock is currently owned by institutional investors and hedge funds.
About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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