EXFO Inc (EXFO) Receives Average Recommendation of “Hold” from Brokerages
Shares of EXFO Inc (NASDAQ:EXFO) (TSE:EXF) have earned an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $5.70.
EXFO has been the subject of several research reports. Northland Securities set a $6.00 price target on shares of EXFO and gave the stock a “buy” rating in a research report on Saturday, July 1st. TheStreet cut shares of EXFO from a “b” rating to a “c+” rating in a research report on Friday, July 7th. BMO Capital Markets set a $6.00 target price on shares of EXFO and gave the company a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research raised shares of EXFO from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Finally, Canaccord Genuity reissued a “hold” rating and set a $5.75 target price on shares of EXFO in a research report on Tuesday, May 2nd.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of EXFO by 11.8% in the first quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock worth $7,997,000 after buying an additional 162,510 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of EXFO by 20.7% in the first quarter. Hillsdale Investment Management Inc. now owns 187,000 shares of the communications equipment provider’s stock worth $980,000 after buying an additional 32,100 shares during the last quarter. TD Asset Management Inc. bought a new position in shares of EXFO during the first quarter worth about $1,105,000. Finally, Acadian Asset Management LLC raised its position in shares of EXFO by 1,114.1% in the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock worth $451,000 after buying an additional 79,100 shares during the last quarter. Institutional investors and hedge funds own 16.75% of the company’s stock.
Shares of EXFO (NASDAQ:EXFO) remained flat at $4.20 during midday trading on Friday. 1 shares of the company traded hands. EXFO has a 12 month low of $3.14 and a 12 month high of $6.15. The company has a 50 day moving average of $4.81 and a 200-day moving average of $5.04. The firm has a market capitalization of $229.76 million, a PE ratio of 105.00 and a beta of 0.57.
EXFO (NASDAQ:EXFO) (TSE:EXF) last announced its quarterly earnings results on Thursday, June 29th. The communications equipment provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.06. EXFO had a return on equity of 2.76% and a net margin of 0.93%. The business had revenue of $58.50 million during the quarter, compared to analysts’ expectations of $61.61 million. The firm’s revenue was down 3.8% on a year-over-year basis.
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EXFO Company Profile
EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: 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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