Toronto-Dominion Bank (NYSE:TD) Stock Rating Upgraded by Jefferies Financial Group

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Thursday,Briefing.com Automated Import reports.

A number of other equities analysts have also recently commented on TD. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reduced 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Up 0.7 %

TD opened at $53.49 on Thursday. The company has a market cap of $93.62 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. Toronto-Dominion Bank has a twelve month low of $51.74 and a twelve month high of $65.12. The company has a 50-day moving average price of $56.69 and a 200 day moving average price of $57.58. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Toronto-Dominion Bank

A number of institutional investors have recently bought and sold shares of TD. Dunhill Financial LLC grew its stake in shares of Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares during the period. Triad Wealth Partners LLC purchased a new position in Toronto-Dominion Bank in the second quarter worth approximately $31,000. Blue Trust Inc. increased its stake in Toronto-Dominion Bank by 50.7% during the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after acquiring an additional 212 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in Toronto-Dominion Bank in the second quarter valued at $49,000. Finally, Morse Asset Management Inc acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at $63,000. 52.37% of the stock is 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.