Toronto-Dominion Bank (NYSE:TD) Rating Increased to Hold at StockNews.com

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other equities analysts have also recently commented on TD. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. 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. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada decreased their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $57.86 on Wednesday. Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The company’s 50 day moving average price is $54.77 and its two-hundred day moving average price is $57.38. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock has a market cap of $101.28 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.82 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TD. Raymond James Financial Inc. bought a new position in Toronto-Dominion Bank in the 4th quarter valued at $7,865,000. Proficio Capital Partners LLC bought a new position in Toronto-Dominion Bank in the 4th quarter valued at $581,000. Keybank National Association OH boosted its holdings in Toronto-Dominion Bank by 8.6% in the 4th quarter. Keybank National Association OH now owns 9,686 shares of the bank’s stock valued at $516,000 after purchasing an additional 764 shares during the period. Nicola Wealth Management LTD. boosted its holdings in Toronto-Dominion Bank by 15.5% in the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank’s stock valued at $27,153,000 after purchasing an additional 68,400 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Toronto-Dominion Bank by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,067,081 shares of the bank’s stock valued at $269,637,000 after purchasing an additional 196,024 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

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.