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

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

A number of other equities analysts have also recently issued reports on TD. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded down $0.46 during mid-day trading on Monday, reaching $59.38. The company had a trading volume of 1,125,655 shares, compared to its average volume of 2,628,209. The stock’s 50-day simple moving average is $56.16 and its 200-day simple moving average is $57.58. Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $103.93 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.95 and a beta of 0.84.

Institutional Investors Weigh In On Toronto-Dominion Bank

Several large investors have recently made changes to their positions in the business. Dunhill Financial LLC boosted its position in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares during the period. Lee Danner & Bass Inc. purchased a new position in Toronto-Dominion Bank in the fourth quarter valued at about $27,000. Bank of Jackson Hole Trust purchased a new position in Toronto-Dominion Bank in the fourth quarter valued at about $32,000. CoreCap Advisors LLC grew its stake in Toronto-Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after purchasing an additional 230 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds 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.