EXFO Price Target Cut to $4.00 by Analysts at CIBC (EXFO)
CIBC decreased their price target on shares of EXFO (NASDAQ:EXFO) from $4.50 to $4.00 in a research note issued on Friday, AnalystRatings.Net reports. CIBC’s price objective would suggest a potential downside of 5.88% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Paradigm Capital cut their price target on shares of EXFO from C$5.00 to C$4.75 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at TD Securities downgraded shares of EXFO from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $5.00 price target on the stock, down previously from $7.00. Finally, analysts at Canaccord Genuity cut their price target on shares of EXFO from $5.00 to $4.50 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating, EXFO presently has an average rating of “Hold” and an average price target of $5.08.
Shares of EXFO (NASDAQ:EXFO) opened at 4.25 on Friday. EXFO has a 52-week low of $3.87 and a 52-week high of $6.14. The stock’s 50-day moving average is $4.94 and its 200-day moving average is $4.9. The company has a market cap of $256.6 million and a price-to-earnings ratio of 240.00.
EXFO (NASDAQ:EXFO) last announced its earnings results on Wednesday, January 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.04. The company had revenue of $56.00 million for the quarter, compared to the consensus estimate of $60.71 million. During the same quarter in the previous 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.
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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