Analysts Set Toronto Dominion Bank (The) (NYSE:TD) PT at $93.00

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $93.00.

Several research analysts recently issued reports on the company. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Finally, Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th.

Hedge Funds Weigh In On Toronto Dominion Bank

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Toronto Dominion Bank by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock worth $5,677,291,000 after purchasing an additional 2,552,603 shares in the last quarter. TD Asset Management Inc increased its position in Toronto Dominion Bank by 0.7% in the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock valued at $3,008,096,000 after buying an additional 246,999 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Toronto Dominion Bank by 0.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock worth $1,656,213,000 after buying an additional 101,678 shares during the period. Canerector Inc. boosted its holdings in Toronto Dominion Bank by 11,028.0% in the third quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock worth $1,779,367,000 after acquiring an additional 22,056,000 shares in the last quarter. Finally, Norges Bank bought a new position in Toronto Dominion Bank in the second quarter worth approximately $1,543,639,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

TD stock opened at $84.47 on Wednesday. The company has a fifty day moving average price of $81.06 and a 200-day moving average price of $75.86. The company has a market capitalization of $142.70 billion, a P/E ratio of 9.87, a PEG ratio of 1.68 and a beta of 0.79. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $84.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02.

About Toronto Dominion Bank

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.