Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. BMO Capital Markets restated a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price of $60.00.
Toronto-Dominion Bank stock opened at $55.25 on Friday. The firm has a market cap of $101.02 billion, a P/E ratio of 10.98, a PEG ratio of 1.57 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.93 and a quick ratio of 0.93. Toronto-Dominion Bank has a one year low of $47.73 and a one year high of $62.00.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, February 28th. The bank reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.13). The firm had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.35 billion. Toronto-Dominion Bank had a net margin of 20.48% and a return on equity of 16.36%. As a group, research analysts anticipate that Toronto-Dominion Bank will post 5.07 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of TD. Norges Bank purchased a new stake in Toronto-Dominion Bank in the fourth quarter worth about $926,448,000. Mackenzie Financial Corp increased its position in Toronto-Dominion Bank by 26.7% in the fourth quarter. Mackenzie Financial Corp now owns 25,944,547 shares of the bank’s stock worth $1,289,963,000 after buying an additional 5,469,139 shares in the last quarter. Toronto Dominion Bank increased its position in Toronto-Dominion Bank by 48.9% in the first quarter. Toronto Dominion Bank now owns 16,443,402 shares of the bank’s stock worth $892,223,000 after buying an additional 5,402,536 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Toronto-Dominion Bank in the first quarter worth about $328,829,000. Finally, CIBC Asset Management Inc increased its position in Toronto-Dominion Bank by 13.3% in the first quarter. CIBC Asset Management Inc now owns 21,510,636 shares of the bank’s stock worth $1,167,313,000 after buying an additional 2,517,475 shares in the last quarter. Institutional investors and hedge funds own 49.74% of the company’s stock.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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