ValuEngine Lowers Toronto–Dominion Bank (TD) to Hold

ValuEngine lowered shares of Toronto–Dominion Bank (NYSE:TD) (TSE:TD) from a buy rating to a hold rating in a report released on Tuesday morning.

A number of other equities research analysts have also recently commented on TD. Zacks Investment Research raised Toronto–Dominion Bank from a sell rating to a hold rating in a research note on Wednesday, January 10th. Bank of America raised their price objective on Toronto–Dominion Bank from $71.00 to $87.00 and gave the company a buy rating in a research note on Tuesday, January 30th. CIBC raised Toronto–Dominion Bank from a neutral rating to an outperform rating in a research note on Thursday, February 1st. Finally, Desjardins upgraded Toronto–Dominion Bank from a hold rating to a buy rating in a report on Friday, March 2nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $77.20.

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Shares of Toronto–Dominion Bank stock opened at $55.87 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11. Toronto–Dominion Bank has a 52 week low of $45.18 and a 52 week high of $61.06. The company has a market capitalization of $103,422.06, a price-to-earnings ratio of 13.18, a PEG ratio of 1.11 and a beta of 0.94.

Toronto–Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, March 1st. The bank reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.06. Toronto–Dominion Bank had a return on equity of 15.76% and a net margin of 22.12%. The firm had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $8.96 billion. During the same quarter last year, the firm posted $1.33 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts predict that Toronto–Dominion Bank will post 4.84 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, April 10th will be issued a $0.522 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Monday, April 9th. This is a positive change from Toronto–Dominion Bank’s previous quarterly dividend of $0.47. Toronto–Dominion Bank’s dividend payout ratio (DPR) is currently 45.99%.

Several hedge funds have recently bought and sold shares of the company. Biondo Investment Advisors LLC lifted its holdings in shares of Toronto–Dominion Bank by 1.4% in the fourth quarter. Biondo Investment Advisors LLC now owns 68,006 shares of the bank’s stock valued at $3,984,000 after purchasing an additional 955 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Toronto–Dominion Bank by 0.3% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 293,928 shares of the bank’s stock valued at $13,225,000 after purchasing an additional 1,000 shares in the last quarter. Coastline Trust Co lifted its holdings in shares of Toronto–Dominion Bank by 1.1% in the fourth quarter. Coastline Trust Co now owns 96,975 shares of the bank’s stock valued at $5,681,000 after purchasing an additional 1,020 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Toronto–Dominion Bank by 7.3% in the fourth quarter. Glenmede Trust Co. NA now owns 15,111 shares of the bank’s stock valued at $884,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Csenge Advisory Group lifted its holdings in shares of Toronto–Dominion Bank by 21.8% in the fourth quarter. Csenge Advisory Group now owns 5,983 shares of the bank’s stock valued at $351,000 after purchasing an additional 1,069 shares in the last quarter. Institutional investors own 48.96% of the company’s stock.

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About Toronto–Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Toronto–Dominion Bank (NYSE:TD)

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