Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) had its price target cut by analysts at CIBC from C$100.00 to C$97.00 in a report released on Tuesday, The Fly reports.
Other equities research analysts also recently issued reports about the company. Scotiabank reduced their price objective on Toronto-Dominion Bank from C$105.00 to C$102.00 in a research note on Friday, May 20th. Stifel Nicolaus lowered their price objective on shares of Toronto-Dominion Bank from C$97.00 to C$93.00 in a research report on Wednesday, July 13th. Credit Suisse Group increased their target price on shares of Toronto-Dominion Bank from C$102.00 to C$103.00 in a research report on Friday, May 27th. Finally, National Bank Financial boosted their price target on shares of Toronto-Dominion Bank from C$100.00 to C$102.00 in a report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus price target of $100.35.
Toronto-Dominion Bank Price Performance
Shares of NYSE:TD traded up $1.29 during trading hours on Tuesday, hitting $68.81. 171,272 shares of the company’s stock traded hands, compared to its average volume of 1,675,714. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. The company’s fifty day simple moving average is $65.69 and its two-hundred day simple moving average is $73.36. Toronto-Dominion Bank has a 52 week low of $58.64 and a 52 week high of $86.01. The company has a market cap of $124.32 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.95.
Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last released its quarterly earnings data on Thursday, May 26th. The bank reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.13. Toronto-Dominion Bank had a return on equity of 15.98% and a net margin of 24.49%. The business had revenue of $11.26 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same period last year, the company posted $1.62 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts anticipate that Toronto-Dominion Bank will post 6.39 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. M Holdings Securities Inc. raised its position in Toronto-Dominion Bank by 1.7% in the second quarter. M Holdings Securities Inc. now owns 23,871 shares of the bank’s stock worth $1,565,000 after purchasing an additional 405 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Toronto-Dominion Bank by 23.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,291 shares of the bank’s stock worth $281,000 after buying an additional 816 shares in the last quarter. Centiva Capital LP boosted its stake in Toronto-Dominion Bank by 78.7% in the 2nd quarter. Centiva Capital LP now owns 7,470 shares of the bank’s stock valued at $490,000 after buying an additional 3,289 shares in the last quarter. State Street Corp boosted its stake in Toronto-Dominion Bank by 148.4% in the 2nd quarter. State Street Corp now owns 20,089 shares of the bank’s stock valued at $1,317,000 after buying an additional 12,003 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in Toronto-Dominion Bank in the second quarter valued at $257,000. 50.00% of the stock is owned by institutional investors.
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 three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.