Canaccord Genuity Increases EXFO Price Target to $5.00 (EXFO)
Investment analysts at Canaccord Genuity upped their price objective on shares of EXFO (NASDAQ:EXFO) from $4.50 to $5.00 in a note issued to investors on Wednesday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would indicate a potential downside of 2.72% from the stock’s previous close.
Shares of EXFO (NASDAQ:EXFO) traded down 6.20% during mid-day trading on Wednesday, hitting $5.14. The stock had a trading volume of 182,727 shares. EXFO has a 52-week low of $3.87 and a 52-week high of $5.93. The stock has a 50-day moving average of $5.05 and a 200-day moving average of $4.71. The company’s market cap is $309.5 million.
EXFO (NASDAQ:EXFO) last announced its earnings results on Tuesday, October 8th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.01. The company had revenue of $60.90 million for the quarter, compared to the consensus estimate of $60.94 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. Analysts expect that EXFO will post $0.25 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities raised their price target on shares of EXFO from C$5.50 to C$7.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of EXFO from C$4.50 to C$6.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of EXFO in a research note to investors on Friday, October 4th. They now have a $6.00 price target on the stock, up previously from $5.25. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $5.44.
EXFO Inc (NASDAQ:EXFO) is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers.
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