Toronto-Dominion Bank (NYSE:TD) Lowered to “Sell” Rating by StockNews.com

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

Other research analysts also recently issued reports about the stock. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada reduced their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, December 6th. Finally, Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Down 0.3 %

NYSE:TD opened at $52.90 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $65.12. The stock’s 50 day moving average price is $55.09 and its 200 day moving average price is $57.35. The company has a market capitalization of $92.59 billion, a PE ratio of 15.25, a P/E/G ratio of 1.69 and a beta of 0.82.

Institutional Trading of Toronto-Dominion Bank

Institutional investors and hedge funds have recently modified their holdings of the business. Dunhill Financial LLC raised its stake in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Toronto-Dominion Bank in the second quarter valued at $49,000. Morse Asset Management Inc acquired a new stake in Toronto-Dominion Bank in the 3rd quarter worth about $63,000. Eastern Bank acquired a new position in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $66,000. Finally, Hexagon Capital Partners LLC boosted its position in shares of Toronto-Dominion Bank by 18.5% in the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after acquiring an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

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.