Toronto-Dominion Bank (NYSE:TD) Rating Lowered to “Sell” at StockNews.com

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts also recently issued reports about the stock. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Royal Bank of Canada cut their price objective on 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. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Down 1.4 %

Shares of NYSE:TD opened at $51.81 on Tuesday. The stock has a 50-day simple moving average of $55.62 and a 200-day simple moving average of $57.49. The stock has a market capitalization of $90.68 billion, a P/E ratio of 14.93, a PEG ratio of 1.69 and a beta of 0.82. Toronto-Dominion Bank has a 1 year low of $51.63 and a 1 year high of $65.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.03.

Institutional Investors Weigh In On Toronto-Dominion Bank

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Toronto-Dominion Bank during the 2nd quarter worth $130,000. Blue Trust Inc. increased its holdings in Toronto-Dominion Bank by 50.7% in the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after buying an additional 212 shares during the last quarter. Eagle Ridge Investment Management raised its stake in Toronto-Dominion Bank by 3.1% during the second quarter. Eagle Ridge Investment Management now owns 138,146 shares of the bank’s stock valued at $7,593,000 after buying an additional 4,128 shares in the last quarter. Cypress Capital Group lifted its holdings in Toronto-Dominion Bank by 7.1% during the 2nd quarter. Cypress Capital Group now owns 5,536 shares of the bank’s stock worth $304,000 after buying an additional 365 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its position in shares of Toronto-Dominion Bank by 7.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 4,700 shares of the bank’s stock worth $258,000 after acquiring an additional 311 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Company Profile

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.