Analyst Rating Update on Toronto Dominion Bank (The) (TD)

Toronto Dominion Bank (The) (TD) : Zacks Investment Research ranks Toronto Dominion Bank (The) (TD) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.2, which indicates as a Buy.

Toronto Dominion Bank (The) (TD) stock is expected to deviate a maximum of $6.82 from the average target price of $47.98 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $61 and the most muted being $41.

For the current week, the company shares have a recommendation consensus of Buy.


Toronto Dominion Bank (The) (NYSE:TD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.92 and $42.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.00, notching a gain of 0.28% for the day. The total traded volume was 1,058,071 . The stock had closed at $42.88 on the previous day.

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses. U.S. Retail consists of the Banks retail and commercial banking operations operating under the brand TD Bank, Americas Most Convenient Bank, and wealth management services in the United States. Wholesale Banking provides a range of capital markets, investment banking, and corporate banking products and services, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding and investment needs of its clients. The Bank is also an online financial services firm.

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