EXFO Inc (EXFO) Receives Average Rating of “Hold” from Analysts
EXFO Inc (NASDAQ:EXFO) (TSE:EXF) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.70.
EXFO has been the topic of several research reports. Canaccord Genuity reissued a “hold” rating and set a $5.75 price objective on shares of EXFO in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of EXFO from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Royal Bank Of Canada lowered their price objective on shares of EXFO from $5.50 to $5.25 and set a “sector perform” rating on the stock in a research report on Friday, June 30th. Northland Securities set a $6.00 price objective on shares of EXFO and gave the stock a “buy” rating in a research report on Saturday, July 1st. Finally, BMO Capital Markets set a $6.00 price objective on shares of EXFO and gave the stock a “hold” rating in a research report on Saturday, July 1st.
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A number of hedge funds and other institutional investors have recently modified their holdings of EXFO. Acadian Asset Management LLC increased its stake 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 valued at $451,000 after buying an additional 79,100 shares during the last quarter. TD Asset Management Inc. purchased a new stake in shares of EXFO during the first quarter valued at $1,105,000. Hillsdale Investment Management Inc. increased its stake 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 valued at $980,000 after buying an additional 32,100 shares during the last quarter. Renaissance Technologies LLC increased its stake 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 valued at $7,997,000 after buying an additional 162,510 shares during the last quarter. Finally, White Pine Capital LLC increased its stake in shares of EXFO by 28.4% in the second quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock valued at $832,000 after buying an additional 39,175 shares during the last quarter. 16.65% of the stock is currently owned by institutional investors.
Shares of EXFO (EXFO) opened at 3.90 on Tuesday. EXFO has a 12-month low of $3.14 and a 12-month high of $6.15. The firm has a 50-day moving average of $4.24 and a 200 day moving average of $4.90. The stock has a market capitalization of $213.35 million, a price-to-earnings ratio of 97.50 and a beta of 0.55.
EXFO (NASDAQ:EXFO) (TSE:EXF) last issued its quarterly earnings data on Thursday, June 29th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $61.61 million. EXFO’s quarterly revenue was down 3.8% on a year-over-year basis.
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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