Toronto-Dominion Bank (NYSE:TD) Rating Increased to Buy at Jefferies Financial Group

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, MarketBeat Ratings reports.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada dropped their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. StockNews.com raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Finally, Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Down 0.3 %

Shares of TD stock opened at $53.29 on Thursday. Toronto-Dominion Bank has a 1 year low of $51.74 and a 1 year high of $65.12. The firm’s fifty day simple moving average is $56.49 and its 200 day simple moving average is $57.55. The firm has a market capitalization of $93.27 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 1.70 and a beta of 0.82. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Toronto-Dominion Bank

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Toronto-Dominion Bank in the 3rd quarter valued at $247,000. World Investment Advisors LLC acquired a new stake in shares of Toronto-Dominion Bank in the 3rd quarter valued at $265,000. Tudor Financial Inc. acquired a new stake in shares of Toronto-Dominion Bank in the 3rd quarter valued at $268,000. Passumpsic Savings Bank raised its holdings in shares of Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after buying an additional 194 shares during the last quarter. Finally, Main Line Retirement Advisors LLC raised its holdings in shares of Toronto-Dominion Bank by 1.3% in the third quarter. Main Line Retirement Advisors LLC now owns 24,180 shares of the bank’s stock valued at $1,530,000 after buying an additional 314 shares during the last quarter. Institutional investors and hedge funds 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.