EXFO Inc (EXFO) Receives $5.70 Average Target Price from Analysts
EXFO Inc (NASDAQ:EXFO) (TSE:EXF) has received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.70.
EXFO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded EXFO from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. BMO Capital Markets set a $6.00 price objective on EXFO and gave the company a “hold” rating in a report on Saturday, July 1st. Northland Securities set a $6.00 price objective on EXFO and gave the company a “buy” rating in a report on Saturday, July 1st. Royal Bank of Canada decreased their price objective on EXFO from $5.50 to $5.25 and set a “sector perform” rating on the stock in a report on Friday, June 30th. Finally, TheStreet lowered EXFO from a “b” rating to a “c+” rating in a report on Friday, July 7th.
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A number of large investors have recently added to or reduced their stakes in EXFO. Acadian Asset Management LLC boosted its stake in EXFO by 1,114.1% in the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock valued at $451,000 after buying an additional 79,100 shares in the last quarter. TD Asset Management Inc. acquired a new stake in EXFO in the first quarter valued at about $1,105,000. Renaissance Technologies LLC boosted its stake in EXFO by 11.8% in the first quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock valued at $7,997,000 after buying an additional 162,510 shares in the last quarter. Finally, White Pine Capital LLC boosted its stake in EXFO by 28.4% in the second quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock valued at $832,000 after buying an additional 39,175 shares in the last quarter. 16.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of EXFO (NASDAQ EXFO) traded down 1.23% during trading on Friday, reaching $4.00. The company’s stock had a trading volume of 2,986 shares. The company has a market cap of $218.82 million, a PE ratio of 100.00 and a beta of 0.52. The stock’s 50 day moving average price is $4.08 and its 200 day moving average price is $4.71. EXFO has a 52 week low of $3.46 and a 52 week high of $6.15.
EXFO (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings data on Thursday, June 29th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). EXFO had a return on equity of 3.25% and a net margin of 0.93%. The company had revenue of $58.50 million for the quarter, compared to the consensus estimate of $61.61 million. The company’s quarterly revenue was down 3.8% on a year-over-year basis.
EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.
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