RBC Capital Markets Reiterates “Sector Perform” Rating for Exfo Inc. (EXFO)
Exfo Inc. (NASDAQ:EXFO)‘s stock had its “sector perform” rating restated by RBC Capital Markets in a report released on Wednesday. They presently have a $4.25 price objective on the stock. RBC Capital Markets’ price objective would suggest a potential upside of 8.97% from the stock’s current price.
A number of other research firms have also recently issued reports on EXFO. Zacks Investment Research cut Exfo from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $5.50 target price 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Exfo currently has an average rating of “Hold” and an average target price of $4.00.
Exfo (NASDAQ:EXFO) traded up 1.56% during trading on Wednesday, reaching $3.90. 111,184 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $3.58 and its 200-day moving average price is $3.70. The firm has a market cap of $210.19 million, a price-to-earnings ratio of 24.22 and a beta of 0.72. Exfo has a 12 month low of $2.35 and a 12 month high of $4.36.
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Exfo (NASDAQ:EXFO) last posted its quarterly earnings results on Wednesday, October 12th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $62.90 million for the quarter, compared to the consensus estimate of $59.52 million. Exfo had a return on equity of 6.50% and a net margin of 3.96%. On average, equities research analysts anticipate that Exfo will post $0.19 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. White Pine Capital LLC raised its stake in 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 during the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Exfo during the first quarter worth approximately $255,000. Finally, Hillsdale Investment Management Inc. raised its stake in 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 during the last quarter. 15.07% of the stock is owned by institutional investors and hedge funds.
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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