Toronto-Dominion Bank (NYSE:TD) Raised to “Outperform” at BMO Capital Markets

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Thursday, Marketbeat reports.

Other research analysts have also issued research reports about the company. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Tuesday. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada cut their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of TD opened at $52.25 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.03. The firm has a market cap of $91.45 billion, a PE ratio of 15.06, a PEG ratio of 1.69 and a beta of 0.82. The firm’s 50 day moving average price is $55.37 and its 200 day moving average price is $57.43. Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $65.12.

Hedge Funds Weigh In On Toronto-Dominion Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Toronto-Dominion Bank during the third quarter valued at approximately $247,000. World Investment Advisors LLC acquired a new stake in Toronto-Dominion Bank during the third quarter worth $265,000. Tudor Financial Inc. bought a new stake in Toronto-Dominion Bank in the 3rd quarter valued at $268,000. Passumpsic Savings Bank raised its stake in shares of Toronto-Dominion Bank by 2.6% in the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after buying an additional 194 shares in the last quarter. Finally, Main Line Retirement Advisors LLC lifted its holdings in shares of Toronto-Dominion Bank by 1.3% during the 3rd quarter. Main Line Retirement Advisors LLC now owns 24,180 shares of the bank’s stock worth $1,530,000 after acquiring an additional 314 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Company Profile

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.