StockNews.com Downgrades Toronto-Dominion Bank (NYSE:TD) to Sell

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Thursday.

Other equities analysts have also issued reports about the stock. National Bank Financial lowered shares of Toronto-Dominion Bank from a "sector perform" rating to an "underperform" rating in a report on Thursday, May 23rd. Scotiabank raised shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, April 17th. BMO Capital Markets cut their price target on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a "market perform" rating for the company in a report on Friday, May 24th. Barclays began coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating for the company. Finally, Cibc World Mkts raised shares of Toronto-Dominion Bank from a "hold" rating to a "strong-buy" rating in a report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and an average price target of $88.00.

Toronto-Dominion Bank Stock Performance

NYSE TD traded up $0.16 on Thursday, hitting $54.87. 2,510,716 shares of the company's stock traded hands, compared to its average volume of 2,897,941. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $95.87 billion, a PE ratio of 12.47, a P/E/G ratio of 1.50 and a beta of 0.83. The firm's 50-day moving average price is $56.20 and its two-hundred day moving average price is $59.04. Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $66.15.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.15. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $9.90 billion. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. As a group, analysts expect that Toronto-Dominion Bank will post 5.86 EPS for the current year.

Institutional Investors Weigh In On Toronto-Dominion Bank

Large investors have recently modified their holdings of the business. Mather Group LLC. acquired a new position in shares of Toronto-Dominion Bank during the 1st quarter valued at about $29,000. Bank of New Hampshire acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $32,000. LifeSteps Financial Inc. acquired a new position in shares of Toronto-Dominion Bank during the 1st quarter valued at about $30,000. Avior Wealth Management LLC boosted its position in shares of Toronto-Dominion Bank by 92.9% during the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank's stock valued at $38,000 after acquiring an additional 286 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 52.37% of the company's stock.

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.

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