EXFO Inc (EXFO) Receives Average Recommendation of “Hold” from Brokerages
Shares of EXFO Inc (NASDAQ:EXFO) (TSE:EXF) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $5.70.
Several research firms have weighed in on EXFO. Northland Securities set a $6.00 price target on shares of EXFO and gave the company a “buy” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $6.00 price target on shares of EXFO and gave the company a “hold” rating in a research note on Saturday, July 1st. TheStreet downgraded shares of EXFO from a “b” rating to a “c+” rating in a research note on Friday, July 7th. Zacks Investment Research downgraded shares of EXFO from a “hold” rating to a “strong sell” rating in a research note on Monday, July 3rd. Finally, Royal Bank Of Canada reduced their price target on shares of EXFO from $5.50 to $5.25 and set a “sector perform” rating on the stock in a research note on Friday, June 30th.
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Several institutional investors have recently modified their holdings of the company. TD Asset Management Inc. boosted its stake in EXFO by 11.1% during the 2nd quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock worth $1,093,000 after purchasing an additional 23,500 shares during the period. White Pine Capital LLC boosted its stake in EXFO by 28.4% during the 2nd quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock worth $832,000 after purchasing an additional 39,175 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in EXFO by 11.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock worth $7,997,000 after purchasing an additional 162,510 shares during the period. Institutional investors and hedge funds own 16.99% of the company’s stock.
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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