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

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

A number of other equities analysts have also recently commented on the company. Scotiabank cut Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Royal Bank of Canada reduced their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. Finally, Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

TD stock traded up $0.10 during midday trading on Friday, reaching $53.00. The company had a trading volume of 1,173,214 shares, compared to its average volume of 2,687,752. Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $65.12. The stock has a 50 day moving average price of $55.02 and a 200-day moving average price of $57.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market capitalization of $92.76 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Institutional Trading of Toronto-Dominion Bank

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dunhill Financial LLC boosted its holdings in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after acquiring an additional 249 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank in the 2nd quarter valued at $49,000. Morse Asset Management Inc acquired a new stake in shares of Toronto-Dominion Bank during the third quarter worth $63,000. Eastern Bank acquired a new stake in shares of Toronto-Dominion Bank during the third quarter worth $66,000. Finally, Hexagon Capital Partners LLC raised its stake in Toronto-Dominion Bank by 18.5% during the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank's stock worth $85,000 after buying an additional 209 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

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.