Toronto-Dominion Bank (NYSE:TD) Stock Rating Lowered by StockNews.com

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

Several other research analysts have also recently issued reports on TD. Royal Bank of Canada reduced their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Scotiabank cut shares of 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 raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $52.90 on Friday. Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $65.12. The business’s fifty day simple moving average is $55.09 and its 200-day simple moving average is $57.35. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The company has a market cap of $92.59 billion, a PE ratio of 15.25, a PEG ratio of 1.69 and a beta of 0.82.

Institutional Trading of Toronto-Dominion Bank

Institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Toronto-Dominion Bank in the third quarter valued at approximately $247,000. World Investment Advisors LLC purchased a new stake in shares of Toronto-Dominion Bank during the third quarter worth approximately $265,000. Tudor Financial Inc. acquired a new position in Toronto-Dominion Bank during the 3rd quarter worth approximately $268,000. Passumpsic Savings Bank increased its position in shares of Toronto-Dominion Bank by 2.6% in the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after purchasing an additional 194 shares during the last quarter. Finally, Main Line Retirement Advisors LLC grew its stake in shares of Toronto-Dominion Bank by 1.3% during the third quarter. Main Line Retirement Advisors LLC now owns 24,180 shares of the bank’s stock worth $1,530,000 after purchasing an additional 314 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.