Canaccord Genuity Analysts Give Exfo Inc. (EXFO) a $4.00 Price Target
Exfo Inc. (NASDAQ:EXFO) has been given a $4.00 price objective by investment analysts at Canaccord Genuity in a research report issued on Saturday. The firm presently has a a “hold” rating on the stock. Canaccord Genuity’s target price would suggest a potential downside of 0.25% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the company. RBC Capital Markets reiterated a “sector perform” rating and issued a $4.25 price objective on shares of Exfo in a research report on Wednesday. Zacks Investment Research upgraded Exfo from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $5.50 price objective 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 given a buy rating to the company’s stock. Exfo presently has an average rating of “Hold” and a consensus target price of $4.00.
Exfo (NASDAQ:EXFO) traded down 0.25% during midday trading on Friday, reaching $4.01. The company had a trading volume of 51,711 shares. The stock has a market capitalization of $216.12 million, a PE ratio of 24.91 and a beta of 0.72. The company has a 50-day moving average of $3.62 and a 200-day moving average of $3.71. 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 issued its quarterly earnings data on Wednesday, October 12th. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The firm had revenue of $62.90 million for the quarter. Exfo had a return on equity of 5.77% and a net margin of 3.83%. On average, analysts predict that Exfo will post $0.19 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in 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 during the last quarter. Summit Partners Public Asset Management LLC bought a new position in shares of Exfo during the first quarter worth about $255,000. 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 during the last quarter. Renaissance Technologies LLC boosted its position in shares of Exfo by 1.8% in the first quarter. Renaissance Technologies LLC now owns 1,236,500 shares of the company’s stock worth $4,600,000 after buying an additional 21,600 shares during the last quarter. Finally, EdgePoint Investment Group Inc. boosted its position in shares of Exfo by 11.0% in the fourth quarter. EdgePoint Investment Group Inc. now owns 4,192,800 shares of the company’s stock worth $11,666,000 after buying an additional 417,200 shares during the last quarter. Institutional investors and hedge funds own 15.07% of the company’s stock.
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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