Exfo Inc. (EXFO) Given Consensus Rating of “Hold” by Brokerages

Exfo Inc. (NASDAQ:EXFO) (TSE:EXF) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the stock. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $4.25.

Several research analysts have recently issued reports on EXFO shares. Zacks Investment Research upgraded shares of Exfo from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. RBC Capital Markets restated a “sector perform” rating and issued a $4.25 target price on shares of Exfo in a report on Wednesday, October 12th. Finally, Canaccord Genuity set a $4.00 target price on shares of Exfo and gave the company a “hold” rating in a report on Saturday, October 15th.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley increased its position in shares of Exfo by 7.3% in the third quarter. Morgan Stanley now owns 33,000 shares of the company’s stock worth $123,000 after buying an additional 2,255 shares during the last quarter. White Pine Capital LLC increased 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. Hillsdale Investment Management Inc. increased 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. Finally, Harber Asset Management LLC increased its position in shares of Exfo by 15.7% in the third quarter. Harber Asset Management LLC now owns 275,321 shares of the company’s stock worth $1,024,000 after buying an additional 37,412 shares during the last quarter. Hedge funds and other institutional investors own 15.32% of the company’s stock.

Exfo (NASDAQ:EXFO) traded up 1.18% during mid-day trading on Wednesday, reaching $4.30. 1,567 shares of the company traded hands. The stock’s 50 day moving average price is $4.30 and its 200 day moving average price is $3.80. The firm has a market capitalization of $234.10 million, a price-to-earnings ratio of 26.88 and a beta of 0.69. Exfo has a 52 week low of $2.35 and a 52 week high of $4.55.

Exfo (NASDAQ:EXFO) last issued its earnings results on Wednesday, October 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Exfo had a net margin of 3.83% and a return on equity of 5.77%. The business earned $62.90 million during the quarter. Equities analysts forecast that Exfo will post $0.27 EPS for the current year.

About Exfo

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.