5 Cheap Canadian Stocks to Buy

3. Toronto-Dominion Bank (NYSE:TD)

Average Analyst Price Target: $75.12

Upside Potential as of April 2: 25.41%

Number of Hedge Fund Holders: 17

Toronto-Dominion Bank (NYSE:TD) is another diversified banking company on our list. It is based in Toronto, Canada.

Analysts at Barclays hold an Overweight rating on Toronto-Dominion Bank (NYSE:TD) shares as of March 3.

Toronto-Dominion Bank (NYSE:TD) is the sixth-largest bank in North America, deriving 55% of its revenues from Canada and 35% of its revenues from the US. It has a P/E ratio of 10.76, which is lower than its five-year average P/E of 11.29. Analysts have an average price target of $75.12 on the shares.

Our hedge fund data for the fourth quarter shows 17 funds long Toronto-Dominion Bank (NYSE:TD), with a total stake value of $185 million.

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