According to Zacks, “Toronto Dominion Bank is a Canadian chartered bank and offers a wide range of business and consumer services. These services include checking and savings accounts, credit cards, mortgage and student loans,trusts, wills, estate planning,investment management services and financial and advisory services. “
A number of other research analysts have also recently commented on the stock. National Bankshares upgraded shares of Toronto-Dominion Bank to a “buy” rating and set a $93.00 price target for the company in a research note on Friday, October 1st. BMO Capital Markets cut their price target on shares of Toronto-Dominion Bank from C$96.00 to C$94.00 and set a “market perform” rating for the company in a research note on Friday, August 27th. Scotiabank lifted their target price on shares of Toronto-Dominion Bank from C$94.00 to C$104.00 and gave the company a “sector perform” rating in a research note on Tuesday. National Bank Financial upgraded Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and set a $93.00 price target on the stock in a research report on Friday, October 1st. Finally, Barclays upgraded Toronto-Dominion Bank from an “equal weight” rating to an “overweight” rating and set a $89.00 price objective for the company in a research report on Tuesday, September 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $88.70.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Wednesday, August 25th. The bank reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.04. The company had revenue of $10.71 billion for the quarter, compared to the consensus estimate of $9.82 billion. Toronto-Dominion Bank had a return on equity of 15.26% and a net margin of 31.71%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business posted $1.25 earnings per share. As a group, sell-side analysts anticipate that Toronto-Dominion Bank will post 6.16 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Herold Advisors Inc. acquired a new position in Toronto-Dominion Bank in the third quarter valued at about $26,000. Atlas Capital Advisors LLC acquired a new stake in shares of Toronto-Dominion Bank during the second quarter worth about $30,000. Optiver Holding B.V. acquired a new stake in shares of Toronto-Dominion Bank during the first quarter worth about $29,000. Destiny Wealth Partners LLC acquired a new stake in shares of Toronto-Dominion Bank during the third quarter worth about $30,000. Finally, Parisi Gray Wealth Management acquired a new stake in shares of Toronto-Dominion Bank during the second quarter worth about $33,000. 48.33% of the stock is currently owned by hedge funds and other institutional investors.
About Toronto-Dominion Bank
The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.
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