Toronto-Dominion Bank (NYSE:TD) Lowered to “Underweight” Rating by Barclays

Barclays lowered shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) from an equal weight rating to an underweight rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Stock Up 0.3 %

Shares of NYSE TD opened at $56.09 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12. The firm’s fifty day moving average is $59.02 and its 200 day moving average is $57.70. The company has a market cap of $98.17 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.59 and a beta of 0.82.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. The business had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 EPS. On average, equities research analysts expect that Toronto-Dominion Bank will post 5.76 earnings per share for the current year.

Institutional Trading of Toronto-Dominion Bank

A number of hedge funds have recently modified their holdings of TD. Dunhill Financial LLC boosted its stake in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares in the last quarter. Triad Wealth Partners LLC bought a new position in Toronto-Dominion Bank in the 2nd quarter worth about $31,000. Blue Trust Inc. boosted its stake in Toronto-Dominion Bank by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after purchasing an additional 212 shares in the last quarter. Kimelman & Baird LLC bought a new position in Toronto-Dominion Bank in the 2nd quarter worth about $49,000. Finally, Morse Asset Management Inc bought a new position in Toronto-Dominion Bank in the 3rd quarter worth about $63,000. Institutional investors own 52.37% of the company’s stock.

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.