The Toronto-Dominion Bank (NYSE:TD) gapped up before the market opened on Tuesday . The stock had previously closed at $43.72, but opened at $43.92. The Toronto-Dominion Bank shares last traded at $44.42, with a volume of 625,896 shares traded.

Several brokerages have recently weighed in on TD. Canaccord Genuity reissued a “buy” rating and set a $23.00 target price on shares of The Toronto-Dominion Bank in a research report on Wednesday, June 8th. Bank of America Corp. reissued a “buy” rating on shares of The Toronto-Dominion Bank in a research report on Tuesday, July 12th. BMO Capital Markets reaffirmed a “buy” rating on shares of The Toronto-Dominion Bank in a research report on Wednesday, July 6th. Zacks Investment Research raised The Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Thursday, April 28th. Finally, Credit Suisse Group AG raised The Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.23.

The company has a market cap of $82.07 billion and a P/E ratio of 12.90. The firm’s 50-day moving average is $43.52 and its 200 day moving average is $42.57.

The Toronto-Dominion Bank (NYSE:TD) last issued its earnings results on Thursday, August 25th. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.04. During the same period last year, the firm earned $1.20 earnings per share. The company earned $8.70 billion during the quarter. The Toronto-Dominion Bank’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts predict that The Toronto-Dominion Bank will post $3.73 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in The Toronto-Dominion Bank stock. US Bancorp DE boosted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) by 14.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,109 shares of the company’s stock after buying an additional 3,362 shares during the period. US Bancorp DE’s holdings in The Toronto-Dominion Bank were worth $1,062,000 as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.