Royal Bank of Canada Lowers Toronto-Dominion Bank (NYSE:TD) Price Target to $77.00

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) had its price objective decreased by equities researchers at Royal Bank of Canada from $82.00 to $77.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 48.19% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday. Finally, National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Down 1.6 %

TD opened at $51.96 on Friday. The firm’s 50 day moving average is $57.30 and its 200-day moving average is $57.64. Toronto-Dominion Bank has a 52-week low of $51.74 and a 52-week high of $65.12. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $90.94 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.86 and a beta of 0.82.

Institutional Trading of Toronto-Dominion Bank

A number of institutional investors and hedge funds have recently modified their holdings of TD. CWM LLC raised its position in shares of Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock worth $456,000 after purchasing an additional 170 shares during the period. Pathstone Holdings LLC increased its position in Toronto-Dominion Bank by 0.8% in the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after buying an additional 184 shares during the period. Passumpsic Savings Bank lifted its stake in 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. Balanced Rock Investment Advisors LLC boosted its holdings in shares of Toronto-Dominion Bank by 1.4% during the second quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock valued at $822,000 after acquiring an additional 203 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of Toronto-Dominion Bank by 18.5% during the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after acquiring an additional 209 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

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.