EXFO Upgraded by TheStreet to “Hold” (EXFO)
EXFO (NASDAQ:EXFO) was upgraded by stock analysts at TheStreet from a “sell” rating to a “hold” rating in a report issued on Monday, American Banking and Market News reports.
The analysts wrote, “EXFO (EXFO) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that we feel that the company’s cash flow from its operations has been weak overall.”
Shares of EXFO (NASDAQ:EXFO) traded up 1.24% on Monday, hitting $5.70. 141,490 shares of the company’s stock traded hands. EXFO has a 52-week low of $3.87 and a 52-week high of $5.93. The stock’s 50-day moving average is $5.2 and its 200-day moving average is $4.73. The company has a market cap of $342.7 million and a price-to-earnings ratio of 281.50.
EXFO (NASDAQ:EXFO) last released its earnings data 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. On average, analysts predict that EXFO will post $0.23 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EXFO. Analysts at Zacks upgraded shares of EXFO from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, October 14th. They now have a $5.60 price target on the stock. Separately, analysts at CIBC raised their price target on shares of EXFO from $4.00 to $4.50 in a research note to investors on Wednesday, October 9th. They now have a “sector perform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of EXFO from $4.50 to $5.00 in a research note to investors on Wednesday, October 9th. They now have a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.51.
EXFO Inc (NASDAQ:EXFO) is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.