Overview
The Toronto-Dominion Bank, based in Canada, operates predominantly in the financial services industry, offering a wide range of products including retail and commercial banking, wealth management, and insurance. Notably, it holds a significant presence in both Canadian and U.S. markets, distinguishing itself as one of North America's largest banks. Key projects include its ongoing digital transformation strategy, which focuses on enhancing online and mobile banking technologies to improve customer service and operational efficiency. The bank is also actively involved in sustainability initiatives, aiming to blend financial services with environmentally conscious practices, positioning itself as a leader in ethical finance. Through these projects, The Toronto-Dominion Bank continues to expand its influence and adapt to changing market demands.
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Basic Stats
The share price of The Toronto-Dominion Bank as of September 9, 2025 is $104.44 / share. This is an increase of 1.64% from the prior week. The market cap (or net worth) of The Toronto-Dominion Bank as of September 9, 2025 is $178,299.97 MM.
The Factor Analysis chart (below right) shows a view of The Toronto-Dominion Bank from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 178,299.97 MM |
| EV | 665,488.26 MM |
| Shares Out. | 1,707.20 MM |
| Earnings Date | |
| EPS (TTM) | 12.24 |
| Dividend Yield | 4.07 % |
| Ex-Dividend Date | 2025-07-10 |
| Borrow Rate | 0.84 |
| Short Shares Avail. | 2.50 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.05 % |
| Price Change (1 yr) | 23.81 % |
| Volatility (1 yr) | 0.18 |
| Beta | 0.50 |
| Sharpe Ratio (1 yr) | 1.08 |
| Sortino Ratio (1 yr) | 1.53 |
| PE Ratio | 8.44 |
| Price/Book | 1.41 |
| Price/TBV | 1.76 |
| Book/Market | 0.71 |
| EBIT/EV | 0.04 |
| EBIT(3yr avg)/EV | 0.03 |
| ROA | 0.01 |
| ROE | 0.19 |
| ROIC | 0.03 |
| CROIC | -0.00 |
| OCROIC | -0.03 |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | 76.71 /100 |
| Profitability | 38.09 /100 |
| Quality Score | 21.47 /100 |
| Value Score | 51.88 /100 |
| Momentum Score | 63.27 /100 |
| Stability (Low Vol) Score | 89.57 /100 |
| Analyst Sentiment | 55.46 /100 |
| Fund Sentiment | 81.21 /100 |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | 67.22 /100 |
| QVM Score | |
| Piotroski F-SCORE | 6.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for The Toronto-Dominion Bank is $105.93. The forecasts range from a low of $65.57 to a high of $126.00. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for The Toronto-Dominion Bank. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-05-27 | Morningstar | Hold | Upgrade | |
| 2022-05-27 | Canaccord Capital | Hold | Upgrade | |
| 2022-03-04 | Veritas Investment Research | Reduce | Upgrade | |
| 2022-03-04 | RBC Royalbank | Sector Perform | Upgrade | |
| 2021-12-03 | RBCRoyalBanks | Sector Perform | Upgrade | |
| 2021-12-03 | BMO Nesbitt | Sector Perform | Upgrade | |
| 2021-11-23 | ScotiaBankFinancial | Sector Perform | Upgrade | |
| 2021-11-22 | CIBC WM | Outperform | Upgrade | |
| 2021-08-27 | BMO Capital Markets | Downgrade | ||
| 2021-08-17 | Sbank | Outperform | Downgrade | |
| 2022-12-14 | Fundamental Research | Buy | Reiterate | |
| 2022-12-13 | Fundamental Research | Buy | Maintains | |
| 2022-12-08 | STA Research | Underperform | Maintains | |
| 2022-12-08 | Morningstar Inc. | Buy | Maintains | |
| 2022-12-02 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-12-02 | RBC Royalbank | Outperform | Upgrade | |
| 2022-12-02 | Keefe Bruyette Woods Capital | Upgrade | ||
| 2022-12-02 | CIBC Capital Markets | Neutral | Upgrade | |
| 2022-12-02 | Canaccord Capital | Buy | Upgrade | |
| 2022-12-02 | BMO Financial | Upgrade | ||
| 2022-12-02 | Barclays | Upgrade | ||
| 2022-12-02 | Bank of America Securities | Upgrade | ||
| 2022-12-02 | Bank of America | Upgrade | ||
| 2022-11-22 | STA Research | Underperform | Maintains | |
| 2022-11-22 | Scotiabank Capital | Sector Perform | Downgrade | |
| 2022-11-22 | Keefe Bruyette Woods Capital | Downgrade | ||
| 2022-11-22 | Credit Suisse | Upgrade | ||
| 2022-11-18 | National Bank of Canada Financial | Downgrade | ||
| 2022-11-18 | Keefe Bruyette Woods Capital | Downgrade | ||
| 2022-10-07 | STA Research | Underperform | Reiterate | |
| 2022-09-12 | Cormark Securities | Buy | Upgrade | |
| 2022-09-07 | Fundamental Research | Buy | Downgrade | |
| 2022-09-07 | CIBC Capital Markets | Neutral | Downgrade | |
| 2022-09-02 | Keefe Bruyette Woods Capital | Outperform | Upgrade | |
| 2022-08-29 | RBC Royalbank | Outperform | Downgrade | |
| 2022-08-26 | STA Research | Hold | Reiterate | |
| 2022-08-26 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-08-26 | RBC Royalbank | Outperform | Upgrade | |
| 2022-08-26 | National Bank of Canada Financial | Sector Perform | Upgrade | |
| 2022-08-26 | Keefe Bruyette Woods Capital | Upgrade | ||
| 2022-08-26 | Jefferies Financial LLC | Upgrade | ||
| 2022-08-26 | Credit Suisse | Upgrade | ||
| 2022-08-26 | Cormark Securities | Upgrade | ||
| 2022-08-26 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-08-26 | BMO Financial | Market Perform | Initiate | |
| 2022-08-25 | Morningstar Inc. | Buy | Upgrade | |
| 2022-08-18 | Scotiabank Capital | Downgrade | ||
| 2022-08-16 | STA Research | Hold | Maintains | |
| 2022-08-16 | CIBC Capital Markets | Neutral | Downgrade | |
| 2022-08-15 | Barclays | Downgrade | ||
| 2022-08-08 | Kaufman Brothers | Downgrade | ||
| 2022-08-08 | Kaufman Bros | Downgrade | ||
| 2022-08-03 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-07-13 | Stifel Nicolaus Research | Hold | Downgrade | |
| 2022-07-13 | STA Research | Hold | Downgrade | |
| 2022-06-24 | STA Research | Hold | Maintains | |
| 2022-06-24 | Morningstar | Buy | Initiate | |
| 2022-05-20 | Scotiabank Capital | Sector Perform | Downgrade | |
| 2022-04-13 | Scotiabank Capital | Sector Perform | Downgrade | |
| 2022-04-11 | CIBC Capital Markets | Outperform | Neutral | Downgrade |
| 2022-03-04 | Canaccord Capital | Market Perform | Downgrade | |
| 2022-03-04 | BMO Financial | Sector Perform | Downgrade | |
| 2022-03-01 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-03-01 | National Bank of Canada Financial | Outperform | Upgrade | |
| 2022-03-01 | Cormark Securities | Market Perform | Upgrade | |
| 2022-03-01 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-03-01 | Canaccord Capital | Market Perform | Maintains | |
| 2022-02-22 | Cormark Securities | Market Perform | Initiate | |
| 2021-12-02 | CIBC WM | Outperform | Maintains | |
| 2021-12-02 | Barclays | Outperform | Initiate | |
| 2021-11-26 | Morningstar | Sell | Initiate | |
| 2021-11-17 | RBCRoyalBank | Sector Perform | Maintains | |
| 2022-06-08 | Fundamental Research | Hold | Downgrade | |
| 2022-05-27 | National Bank of Canada Financial | Sector Perform | Upgrade | |
| 2022-05-20 | Credit Suisse | Neutral | Initiate | |
| 2021-08-30 | BMO Capital Markets | Market Perform | Reiterate | |
| 2021-06-07 | Credit Suisse | Buy | Upgrade | |
| 2021-05-28 | National Bank Financial | Sector Perform | Upgrade | |
| 2019-12-06 | Sbank | Downgrade | ||
| 2019-12-06 | National Bank Financial | Outperform | Downgrade | |
| 2019-12-06 | Canaccord Genuity | Downgrade | ||
| 2019-11-20 | Sbank | Upgrade | ||
| 2019-11-05 | Desjardins Securities | Buy | Downgrade | |
| 2019-10-07 | RBC Capital | Sector Perform | Downgrade | |
| 2019-10-03 | CIBC World Markets | Downgrade | ||
| 2019-10-02 | National Bank Financial | Outperform | Downgrade | |
| 2019-10-02 | Credit Suisse | Downgrade | ||
| 2019-09-10 | Citigroup | Downgrade | ||
| 2019-09-06 | Credit Suisse | Downgrade | ||
| 2019-09-04 | Eight Capital | Downgrade | ||
| 2019-08-30 | RBC Capital | Sector Perform | Downgrade | |
| 2019-08-30 | National Bank Financial | Outperform | Downgrade | |
| 2019-08-30 | CIBC World Markets | Downgrade | ||
| 2019-08-30 | Canaccord Genuity | Downgrade | ||
| 2019-08-30 | BMO Capital Markets | Outperform | Market Perform | Downgrade |
| 2019-08-15 | Bank of America | Buy | Neutral | Downgrade |
| 2019-08-14 | Eight Capital | Downgrade | ||
| 2019-06-11 | Barclays | Underweight | Overweight | Upgrade |
| 2019-03-01 | National Bank Financial | Outperform | Downgrade | |
| 2018-12-11 | Desjardins Securities | Downgrade | ||
| 2018-12-03 | RBC Capital | Sector Perform | Upgrade | |
| 2018-11-30 | National Bank Financial | Outperform | Downgrade | |
| 2018-11-30 | Eight Capital | Upgrade | ||
| 2018-11-30 | Canaccord Genuity | Upgrade | ||
| 2018-11-30 | Barclays | Downgrade | ||
| 2018-11-22 | Canaccord Genuity | Downgrade | ||
| 2018-11-16 | Barclays | Downgrade | ||
| 2018-08-31 | National Bank Financial | Outperform | Upgrade | |
| 2018-08-31 | Eight Capital | Upgrade | ||
| 2018-08-31 | Desjardins Securities | Buy | Upgrade | |
| 2018-08-31 | BMO Capital Markets | Upgrade | ||
| 2018-06-11 | CIBC World Markets | Downgrade | ||
| 2018-06-05 | Citigroup | Upgrade | ||
| 2018-05-25 | TD Securities | Buy | Upgrade | |
| 2018-05-25 | Sbank | Outperform | Upgrade | |
| 2018-05-25 | RBC Capital | Sector Perform | Upgrade | |
| 2018-05-25 | National Bank Financial | Outperform | Upgrade | |
| 2018-05-25 | Eight Capital | Upgrade | ||
| 2018-05-25 | Cormark Securities | Upgrade | ||
| 2018-05-25 | BMO Capital Markets | Outperform | Upgrade | |
| 2018-03-02 | Sbank | Outperform | Upgrade | |
| 2018-03-02 | Eight Capital | Neutral | Buy | Upgrade |
| 2018-03-02 | Desjardins Securities | Hold | Buy | Upgrade |
| 2018-03-02 | Credit Suisse | Upgrade | ||
| 2018-03-02 | CIBC World Markets | Upgrade | ||
| 2018-03-02 | Canaccord Genuity | Upgrade | ||
| 2018-03-02 | Barclays | Upgrade | ||
| 2018-02-14 | RBC Capital | Upgrade | ||
| 2018-02-05 | BMO Capital Markets | Upgrade | ||
| 2022-05-18 | STA Research | Hold | Reiterate | |
| 2022-05-17 | CIBC Capital Markets | Neutral | Downgrade | |
| 2022-05-11 | Barclays | Overweight | Downgrade | |
| 2022-03-07 | STA Research | Hold | Initiate | |
| 2022-03-07 | National Bank of Canada Financial | Sector Perform | Upgrade | |
| 2022-03-04 | Scotiabank Capital | Sector Perform | Upgrade | |
| 2022-02-17 | CIBC Capital Markets | Outperform | Upgrade | |
| 2022-02-17 | Canaccord Capital | Upgrade | ||
| 2022-01-19 | Barclays | Overweight | Upgrade | |
| 2021-12-03 | ScotiaBankFinancial | Sector Perform | Upgrade | |
| 2021-12-03 | RBCRoyalBank | Sector Perform | Upgrade | |
| 2021-12-03 | RaymondJamesFinancial | Reduce | Downgrade | |
| 2021-12-03 | JP Morgan | Outperform | Upgrade | |
| 2021-08-26 | CIBC World Markets | Outperform | Upgrade | |
| 2021-05-31 | Cormark Securities | Buy | Upgrade | |
| 2021-05-28 | RBC Capital | Sector Perform | Upgrade | |
| 2021-11-08 | Sbank | Sector Perform | Maintains | |
| 2021-10-01 | National Bank Financial | Buy | Upgrade | |
| 2021-08-27 | RBC Capital | Sector Peform | Maintains | |
| 2021-09-07 | Barclays | Overweight | Upgrade | |
| 2021-08-27 | National Bank Financial | Sector Perform | Downgrade | |
| 2016-12-02 | BMO Capital Markets | 66 | Maintains | |
| 2016-11-22 | Canaccord Genuity | 63 | Maintains | |
| 2016-11-21 | Barclays | 58 | Maintains | |
| 2016-11-15 | Credit Suisse | Outperform | Maintains | |
| 2016-11-14 | Desjardins Securities | 63 | Maintains | |
| 2016-11-01 | Bank of America | Buy | Initiate | |
| 2016-09-21 | Dundee Securities | Buy | Maintains | |
| 2016-09-14 | Citigroup | Buy | Maintains | |
| 2016-09-02 | CIBC World Markets | 61 | Maintains | |
| 2016-08-26 | TD Securities | Buy | Maintains | |
| 2016-08-26 | Sbank | Sector Perform | Maintains | |
| 2016-08-26 | RBC Capital | Outperform | Maintains | |
| 2016-08-26 | National Bank Financial | 61 | Maintains | |
| 2016-08-26 | Credit Suisse | 69 | Maintains | |
| 2016-08-26 | CIBC | Outperformer | Sector Performer | Downgrade |
| 2016-08-26 | Bank of America | 62 | Maintains | |
| 2016-08-25 | Credit Suisse | Outperform | Maintains | |
| 2016-08-25 | Canaccord Genuity | Buy | Hold | Downgrade |
| 2016-08-19 | Barclays | Underweight | Maintains | |
| 2016-08-18 | KBW | 57 | Maintains | |
| 2016-06-02 | Citigroup | Buy | Maintains | |
| 2016-05-31 | KBW | 56 | Maintains | |
| 2016-05-27 | RBC Capital | 51 | Maintains | |
| 2016-05-17 | CIBC World Markets | 60 | Maintains | |
| 2016-05-16 | Barclays | 47 | Maintains | |
| 2016-05-04 | Desjardins Securities | 57 | Maintains | |
| 2016-05-03 | Credit Suisse | Neutral | Outperform | Upgrade |
| 2016-05-02 | Canaccord Genuity | 60 | Maintains | |
| 2016-02-19 | KBW | 52 | Maintains | |
| 2016-02-17 | Barclays | 44 | Maintains | |
| 2016-01-07 | CIBC World Markets | 57 | Maintains | |
| 2015-12-17 | Credit Suisse | 66 | Maintains | |
| 2015-12-09 | Canaccord Genuity | Hold | Buy | Upgrade |
| 2015-12-04 | National Bank Financial | Outperform | Maintains | |
| 2015-12-04 | Macquarie | Outperform | Maintains | |
| 2015-11-24 | Canaccord Genuity | Hold | Maintains | |
| 2015-09-22 | Credit Suisse | Outperform | Neutral | Downgrade |
| 2015-05-29 | Scotiabank | Outperform | Sector Perform | Downgrade |
| 2015-03-31 | Citigroup | Neutral | Buy | Upgrade |
| 2015-03-16 | Citigroup | Neutral | Maintains | |
| 2014-09-02 | UBS | Buy | Maintains | |
| 2014-09-02 | Credit Suisse | Neutral | Maintains | |
| 2014-08-29 | RBC Capital | Outperform | Maintains | |
| 2014-08-29 | National Bank Financial | Outperform | Maintains | |
| 2014-08-19 | Barclays | Equal Weight | Maintains | |
| 2014-05-26 | RBC Capital | Outperform | Maintains | |
| 2014-05-20 | KBW | At Market Perform | Maintains | |
| 2014-05-15 | National Bank Financial | 56 | Maintains | |
| 2014-05-01 | Canaccord Genuity | Hold | Initiate | |
| 2014-03-17 | Credit Suisse | Neutral | Maintains | |
| 2014-02-28 | RBC Capital | Outperform | Maintains | |
| 2014-02-28 | National Bank Financial | Outperform | Maintains | |
| 2014-02-24 | KBW | At Market Perform | Maintains | |
| 2014-02-19 | Barclays | Equal Weight | Maintains | |
| 2014-01-07 | TD Securities | Buy | Maintains | |
| 2013-12-06 | Rafferty | Buy | Hold | Downgrade |
| 2013-11-26 | TD Securities | Buy | Maintains | |
| 2013-11-25 | KBW | At Market Perform | Maintains | |
| 2013-11-21 | Barclays | Equal Weight | Maintains | |
| 2013-11-20 | National Bank Financial | Outperform | Maintains | |
| 2013-09-18 | Stonecap | Underperform | Maintains | |
| 2013-09-17 | National Bank Financial | Outperform | Maintains | |
| 2013-09-17 | Barclays | Equal Weight | Maintains | |
| 2013-08-30 | RBC Capital | Outperform | Maintains | |
| 2013-08-30 | Credit Suisse | Neutral | Maintains | |
| 2013-08-30 | CIBC World Markets | Sector Perform | Maintains | |
| 2013-08-30 | BMO Capital Markets | Outperform | Maintains | |
| 2013-08-30 | Barclays | Equal Weight | Maintains | |
| 2013-08-22 | KBW | At Market Perform | Maintains | |
| 2013-08-13 | Barclays | Equal Weight | Maintains | |
| 2013-07-31 | BMO Capital Markets | Outperform | Maintains | |
| 2013-06-25 | Rafferty | Buy | Initiate | |
| 2013-06-18 | Barclays | Overweight | Equal-Weight | Downgrade |
| 2013-05-27 | Credit Suisse | Neutral | Maintains | |
| 2013-05-27 | Canaccord Genuity | Buy | Maintains | |
| 2013-03-04 | National Bank Financial | 94 | Maintains | |
| 2013-03-01 | RBC Capital | Outperform | Maintains | |
| 2013-03-01 | KBW | At Market Perform | Maintains | |
| 2013-03-01 | CIBC World Markets | Sector Perform | Maintains | |
| 2021-05-28 | Credit Suisse | Buy | Upgrade | |
| 2021-05-28 | Canaccord Genuity | Buy | Downgrade | |
| 2021-05-28 | BMO Capital Markets | Market Perform | Upgrade | |
| 2021-05-27 | CIBC World Markets | Outperform | Reiterate | |
| 2021-05-20 | Sbank | Outperform | Upgrade | |
| 2021-05-20 | Credit Suisse | Upgrade | ||
| 2021-05-20 | CIBC World Markets | Outperform | Upgrade | |
| 2021-05-19 | Bank of America | Buy | Upgrade | |
| 2021-05-18 | National Bank Financial | Sector Perform | Upgrade | |
| 2021-05-18 | Canaccord Genuity | Sector Perform | Upgrade | |
| 2021-03-30 | CIBC World Markets | Outperform | Maintains | |
| 2021-03-03 | RBC Capital | Sector Perform | Upgrade | |
| 2021-08-13 | Barclays | Upgrade | ||
| 2021-06-23 | CIBC World Markets | Outperform | Downgrade | |
| 2021-06-15 | National Bank Financial | Sector Perform | Upgrade | |
| 2021-03-01 | Cormark Securities | 82 | Initiate | |
| 2021-03-01 | CIBC World Markets | Outperform | Upgrade | |
| 2021-03-01 | BMO Capital Markets | Market Perform | Upgrade | |
| 2021-02-26 | Sbank | Upgrade | ||
| 2021-02-26 | National Bank Financial | Sector Perform | Upgrade | |
| 2021-02-26 | Credit Suisse | Upgrade | ||
| 2021-02-19 | Canaccord Genuity | Sector Perform | Upgrade | |
| 2021-02-18 | Sbank | Outperform | Upgrade | |
| 2021-01-11 | National Bank Financial | Sector Perform | Upgrade | |
| 2020-12-14 | BMO Capital Markets | Upgrade | ||
| 2020-12-04 | RBC Capital | Sector Perform | Upgrade | |
| 2020-12-04 | National Bank Financial | Outperform | Sector Perform | Downgrade |
| 2020-12-04 | Credit Suisse | Upgrade | ||
| 2020-12-04 | Canaccord Genuity | Upgrade | ||
| 2020-11-24 | Canaccord Genuity | Upgrade | ||
| 2020-11-19 | CIBC World Markets | Neutral | Outperform | Upgrade |
| 2020-09-03 | Fundamental Research | Hold | Initiate | |
| 2020-08-28 | National Bank Financial | Outperform | Upgrade | |
| 2020-08-28 | Canaccord Genuity | Upgrade | ||
| 2020-08-20 | Eight Capital | Downgrade | ||
| 2020-08-19 | Canaccord Genuity | Upgrade | ||
| 2020-05-29 | National Bank Financial | Outperform | Upgrade | |
| 2020-05-22 | Sbank | Downgrade | ||
| 2020-05-20 | Canaccord Genuity | Downgrade | ||
| 2020-05-13 | B of A Securities | Neutral | Maintains | |
| 2020-05-06 | Citigroup | Downgrade | ||
| 2020-03-31 | Sbank | Downgrade | ||
| 2020-03-25 | National Bank Financial | Outperform | Downgrade | |
| 2020-03-03 | CFRA | Buy | Reiterate | |
| 2020-03-02 | Eight Capital | Buy | Neutral | Downgrade |
| 2020-02-28 | Canaccord Genuity | Buy | Hold | Downgrade |
| 2020-02-20 | Sbank | Upgrade | ||
| 2020-02-04 | B of A Securities | Neutral | Buy | Upgrade |
| 2018-01-30 | National Bank Financial | Outperform | Upgrade | |
| 2018-01-30 | Credit Suisse | Upgrade | ||
| 2018-01-30 | Bank of America | Buy | Buy | Maintains |
| 2018-01-19 | Credit Suisse | Upgrade | ||
| 2017-12-01 | RBC Capital | Sector Perform | Upgrade | |
| 2017-12-01 | National Bank Financial | Outperform | Upgrade | |
| 2017-12-01 | Eight Capital | Upgrade | ||
| 2017-12-01 | Credit Suisse | Upgrade | ||
| 2017-12-01 | Canaccord Genuity | Upgrade | ||
| 2017-12-01 | BMO Capital Markets | Upgrade | ||
| 2017-11-13 | CIBC World Markets | Upgrade | ||
| 2017-11-01 | Canaccord Genuity | Upgrade | ||
| 2017-09-01 | TD Securities | Buy | Upgrade | |
| 2017-09-01 | Sbank | Outperform | Upgrade | |
| 2017-09-01 | RBC Capital | Sector Perform | Upgrade | |
| 2017-09-01 | Keefe Bruyette | Upgrade | ||
| 2017-09-01 | Credit Suisse | Upgrade | ||
| 2017-09-01 | CIBC World Markets | Upgrade | ||
| 2017-09-01 | Canaccord Genuity | Upgrade | ||
| 2017-09-01 | BMO Capital Markets | Outperform | Upgrade | |
| 2017-08-31 | National Bank Financial | Sector Perform | Outperform | Upgrade |
| 2017-08-21 | Sbank | Sector Perform | Outperform | Upgrade |
| 2017-08-11 | Barclays | Upgrade | ||
| 2017-05-26 | Sbank | Sector Perform | Maintains | |
| 2017-05-23 | Barclays | Underweight | Equal-Weight | Upgrade |
| 2017-03-13 | Sbank | Sector Perform | Maintains | |
| 2017-03-13 | RBC Capital | Outperform | Sector Perform | Maintains |
| 2017-03-07 | CIBC World Markets | 74 | Maintains | |
| 2017-03-06 | KBW | 68 | Maintains | |
| 2017-03-03 | TD Securities | Buy | Maintains | |
| 2017-03-03 | Sbank | Sector Perform | Maintains | |
| 2017-03-03 | RBC Capital | Outperform | Maintains | |
| 2017-03-03 | Eight Capital | Buy | Maintains | |
| 2017-03-03 | CIBC World Markets | 71 | Maintains | |
| 2017-03-03 | Barclays | Underweight | Maintains | |
| 2017-02-21 | KBW | 66 | Maintains | |
| 2017-02-13 | Barclays | 63 | Maintains | |
| 2017-01-30 | RBC Capital | 72 | Maintains | |
| 2017-01-17 | Credit Suisse | 72 | Maintains | |
| 2017-01-13 | Canaccord Genuity | 69 | Maintains | |
| 2016-12-22 | Dundee Securities | 70 | Maintains | |
| 2016-12-21 | Desjardins Securities | 67 | Maintains | |
| 2016-12-08 | TD Securities | 72 | Maintains | |
| 2016-12-05 | KBW | 60 | Maintains | |
| 2016-12-02 | TD Securities | Buy | Maintains | |
| 2016-12-02 | Sbank | Sector Perform | Maintains | |
| 2016-12-02 | RBC Capital | Outperform | Maintains | |
| 2016-12-02 | National Bank Financial | 66 | Maintains | |
| 2016-12-02 | Dundee Securities | 67 | Maintains | |
| 2016-12-02 | Desjardins Securities | Hold | Maintains | |
| 2016-12-02 | Canaccord Genuity | 66 | Maintains | |
| 2013-03-01 | Canaccord Genuity | Buy | Maintains | |
| 2013-03-01 | BMO Capital | Outperform | Maintains | |
| 2013-01-07 | Canaccord Genuity | Buy | Maintains | |
| 2012-12-07 | BMO Capital | Outperform | Maintains | |
| 2012-12-04 | Citigroup | Buy | Initiate | |
| 2012-08-31 | National Bank Financial | Outperform | Maintains | |
| 2012-08-31 | Credit Suisse | Outperform | Neutral | Downgrade |
| 2012-08-31 | Canaccord Genuity | Buy | Maintains | |
| 2012-08-28 | Stifel Nicolaus | Hold | Initiate | |
| 2023-04-06 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-04-05 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2023-03-30 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-03-27 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-03-08 | FUNDAMENTAL RESEARCH CORP | Buy | Buy | Maintains |
| 2023-03-03 | CREDIT SUISSE | Underperform | Neutral | Upgrade |
| 2023-03-03 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2022-10-04 | VERITAS INVESTMENT RESEARCH | Sell | Buy | Upgrade |
| 2022-07-17 | STIFEL CANADA | Hold | Hold | Maintains |
| 2022-03-07 | FUNDAMENTAL RESEARCH CORP | Buy | Buy | Maintains |
| 2022-03-03 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-03-03 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2022-03-01 | VERITAS INVESTMENT RESEARCH | Buy | Sell | Downgrade |
| 2021-12-02 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2021-11-12 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2021-09-01 | CREDIT SUISSE | Underperform | Underperform | Maintains |
| 2021-08-20 | VERITAS INVESTMENT RESEARCH | Underperform | Buy | Upgrade |
| 2021-03-24 | VERITAS INVESTMENT RESEARCH | Underperform | Underperform | Maintains |
| 2023-06-06 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-06-04 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-05-25 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-05-25 | CREDIT SUISSE | Underperform | Neutral | Upgrade |
| 2023-05-25 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-05-24 | CIBC CAPITAL MARKETS | Neutral | Outperform | Upgrade |
| 2023-04-04 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2023-03-07 | FUNDAMENTAL RESEARCH CORP | Buy | Buy | Maintains |
| 2022-10-03 | VERITAS INVESTMENT RESEARCH | Sell | Buy | Upgrade |
| 2022-07-16 | STIFEL CANADA | Hold | Hold | Maintains |
| 2022-03-06 | FUNDAMENTAL RESEARCH CORP | Buy | Buy | Maintains |
| 2022-03-02 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-03-02 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2022-02-28 | VERITAS INVESTMENT RESEARCH | Buy | Sell | Downgrade |
| 2021-12-01 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2021-11-11 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2021-08-31 | CREDIT SUISSE | Underperform | Underperform | Maintains |
| 2021-08-19 | VERITAS INVESTMENT RESEARCH | Underperform | Buy | Upgrade |
| 2021-03-23 | VERITAS INVESTMENT RESEARCH | Underperform | Underperform | Maintains |
| 2023-08-29 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-08-27 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-24 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-08-23 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-08-23 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-17 | CREDIT SUISSE | Neutral | Outperform | Upgrade |
| 2023-08-24 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-18 | CREDIT SUISSE | Neutral | Outperform | Upgrade |
| 2023-12-06 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2023-12-04 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-09-05 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-30 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-08-28 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-25 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-08-24 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-12-19 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-06-07 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-06-05 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-05-26 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-05-26 | CREDIT SUISSE | Underperform | Neutral | Upgrade |
| 2023-05-26 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-05-25 | CIBC CAPITAL MARKETS | Neutral | Outperform | Upgrade |
| 2024-08-01 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2024-07-28 | CIBC CAPITAL MARKETS | Neutral | Outperform | Upgrade |
| 2024-06-09 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-05-23 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2024-05-22 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2024-03-01 | EQUISIGHTS | Outperform | Outperform | Maintains |
| 2023-12-18 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-12-05 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2023-12-03 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2023-09-04 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-12-19 | DESJARDINS SECURITIES | Buy | Hold | Downgrade |
| 2024-12-15 | CANACCORD GENUITY | Buy | Buy | Maintains |
| 2024-12-11 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-12-08 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2024-12-05 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-12-04 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2024-11-04 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2024-08-20 | NATIONAL BANK FINANCIAL | Outperform | Underperform | Downgrade |
| 2025-03-16 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2025-03-09 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2025-03-07 | CANACCORD GENUITY | Buy | Buy | Maintains |
| 2025-03-03 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-03-02 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2025-02-27 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
| 2025-02-17 | JEFFERIES | Buy | Hold | Downgrade |
| 2025-02-09 | JEFFERIES | Buy | Buy | Maintains |
| 2025-07-07 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2025-07-01 | JEFFERIES | Hold | Buy | Upgrade |
| 2025-06-05 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2025-06-03 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-06-01 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2025-05-23 | CANACCORD GENUITY | Buy | Buy | Maintains |
| 2025-05-22 | ARC INDEPENDENT RESEARCH | Buy | Buy | Maintains |
