Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) was upgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report issued on Wednesday, MarketBeat.com reports.
TD has been the topic of several other reports. Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating on the stock. Barclays began coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $89.33.
Get Our Latest Stock Analysis on TD
Toronto-Dominion Bank Trading Up 0.8 %
Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last posted its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. As a group, analysts predict that Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.
Institutional Trading of Toronto-Dominion Bank
Large investors have recently added to or reduced their stakes in the stock. Fairfield Bush & CO. bought a new stake in Toronto-Dominion Bank in the first quarter valued at $26,000. Fortis Capital Advisors LLC bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at $26,000. PCA Investment Advisory Services Inc. bought a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at $26,000. Mather Group LLC. bought a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at $29,000. Finally, Bray Capital Advisors boosted its holdings in shares of Toronto-Dominion Bank by 206.7% during the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after buying an additional 310 shares in the last quarter. 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.
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