EXFO Inc (EXFO) PT Set at $6.00 by Northland Securities
EXFO Inc (NASDAQ:EXFO) (TSE:EXF) received a $6.00 price objective from equities researchers at Northland Securities in a research note issued on Wednesday. The firm currently has a “buy” rating on the communications equipment provider’s stock. Northland Securities’ price target would suggest a potential upside of 48.15% from the company’s current price.
A number of other research firms have also recently commented on EXFO. Zacks Investment Research cut EXFO from a “hold” rating to a “strong sell” rating in a research note on Monday, July 3rd. BMO Capital Markets set a $6.00 target price on EXFO and gave the company a “hold” rating in a research note on Saturday, July 1st. Royal Bank Of Canada reduced their target price on EXFO from $5.50 to $5.25 and set a “sector perform” rating on the stock in a research note on Friday, June 30th. Finally, TheStreet cut EXFO from a “b” rating to a “c+” rating in a research note on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $5.70.
EXFO (NASDAQ:EXFO) traded up 0.62% during midday trading on Wednesday, hitting $4.05. The company had a trading volume of 79,202 shares. EXFO has a 52 week low of $3.70 and a 52 week high of $6.15. The firm has a market capitalization of $221.55 million, a P/E ratio of 101.25 and a beta of 0.48. The firm’s 50 day moving average is $4.06 and its 200-day moving average is $4.52.
EXFO (NASDAQ:EXFO) (TSE:EXF) last released its earnings results on Thursday, October 12th. The communications equipment provider reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). The firm had revenue of $63.00 million during the quarter, compared to the consensus estimate of $60.63 million. EXFO had a net margin of 0.93% and a return on equity of 3.25%. EXFO’s revenue was up .2% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its position in EXFO by 11.8% during 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 period. TD Asset Management Inc. boosted its position in EXFO by 11.1% during the second quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock valued at $1,093,000 after buying an additional 23,500 shares during the period. Finally, White Pine Capital LLC boosted its position in EXFO by 28.4% during 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 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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