Toronto-Dominion Bank (TSE:TD) Rating Lowered to Strong Sell at National Bank Financial

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was downgraded by stock analysts at National Bank Financial from a “hold” rating to a “strong sell” rating in a research report issued on Thursday, Zacks.com reports.

A number of other research firms have also weighed in on TD. Canaccord Genuity Group increased their price objective on Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the company a “buy” rating in a research note on Friday. Bank of America dropped their price target on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research note on Wednesday, February 14th. CIBC raised Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$83.50 to C$88.00 in a research note on Friday. BMO Capital Markets reduced their price objective on Toronto-Dominion Bank from C$86.00 to C$84.00 and set a “market perform” rating for the company in a report on Friday. Finally, Royal Bank of Canada boosted their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the stock an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.42.

Toronto-Dominion Bank Stock Performance

Shares of TSE TD traded up C$1.70 during midday trading on Thursday, reaching C$77.28. The stock had a trading volume of 5,132,244 shares, compared to its average volume of 7,439,939. The firm has a market cap of C$136.79 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82. Toronto-Dominion Bank has a twelve month low of C$73.98 and a twelve month high of C$87.10. The company’s 50 day moving average price is C$79.24 and its 200 day moving average price is C$81.20.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, May 23rd. The company reported C$2.04 earnings per share for the quarter, topping the consensus estimate of C$1.84 by C$0.20. The company had revenue of C$13.82 billion for the quarter, compared to analysts’ expectations of C$13.38 billion. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. Equities analysts forecast that Toronto-Dominion Bank will post 7.8263052 earnings per share for the current fiscal year.

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.