Exfo’s (EXFO) “Sector Perform” Rating Reiterated at RBC Capital Markets
Exfo Inc. (NASDAQ:EXFO)‘s stock had its “sector perform” rating reaffirmed by investment analysts at RBC Capital Markets in a report released on Wednesday. They currently have a $4.25 price target on the stock. RBC Capital Markets’ price target would suggest a potential upside of 8.97% from the company’s current price.
A number of other brokerages also recently commented on EXFO. Zacks Investment Research downgraded Exfo from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $5.50 price objective on shares of Exfo in a research report on Thursday, June 30th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Exfo in a research report on Thursday, June 30th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Exfo has a consensus rating of “Hold” and a consensus price target of $4.00.
Exfo (NASDAQ:EXFO) traded up 1.56% on Wednesday, hitting $3.90. The stock had a trading volume of 111,184 shares. Exfo has a 12-month low of $2.35 and a 12-month high of $4.36. The firm has a market cap of $210.19 million, a PE ratio of 24.22 and a beta of 0.72. The company’s 50 day moving average is $3.58 and its 200 day moving average is $3.70.
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Exfo (NASDAQ:EXFO) last announced its quarterly earnings data on Wednesday, October 12th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.01. The business earned $62.90 million during the quarter, compared to analysts’ expectations of $59.52 million. Exfo had a net margin of 3.96% and a return on equity of 6.50%. On average, equities research analysts expect that Exfo will post $0.19 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. White Pine Capital LLC boosted its position in shares of Exfo by 65.2% in the second quarter. White Pine Capital LLC now owns 38,000 shares of the company’s stock worth $131,000 after buying an additional 15,000 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new position in shares of Exfo during the first quarter worth approximately $255,000. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Exfo by 22.9% in the second quarter. Hillsdale Investment Management Inc. now owns 286,600 shares of the company’s stock worth $991,000 after buying an additional 53,400 shares in the last quarter. Hedge funds and other institutional investors own 15.07% of the company’s stock.
Exfo Company Profile
EXFO Inc, formerly EXFO Electro-Optical Engineering Inc, designs, manufactures and markets test, service assurance and network visibility solutions for fixed and mobile network operators, Web-scale service providers, as well as equipment manufacturers in the global telecommunications industry. The Company focuses on network infrastructures, including 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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