EXFO Inc (EXFO) Given Average Rating of “Hold” by Brokerages
Shares of EXFO Inc (NASDAQ:EXFO) (TSE:EXF) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.35.
Several brokerages have recently commented on EXFO. BMO Capital Markets set a $6.00 price target on EXFO and gave the stock a “hold” rating in a research note on Friday, October 13th. Canaccord Genuity reissued a “hold” rating and set a $4.75 price target on shares of EXFO in a research note on Sunday, October 15th. Zacks Investment Research raised EXFO from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. National Bank Financial decreased their price target on EXFO from $5.50 to $4.75 and set a “sector perform” rating on the stock in a research note on Thursday, October 26th. Finally, Northland Securities set a $6.00 price target on EXFO and gave the stock a “buy” rating in a research note on Wednesday, October 11th.
Several institutional investors have recently modified their holdings of the stock. TD Asset Management Inc. raised its position in shares of 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 last quarter. White Pine Capital LLC raised its position in shares of 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 last quarter. Finally, Renaissance Technologies LLC raised its position in shares of 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 last quarter. Hedge funds and other institutional investors own 16.98% of the company’s stock.
Shares of EXFO (NASDAQ EXFO) opened at $4.10 on Friday. The firm has a market capitalization of $224.29, a P/E ratio of 21.58 and a beta of 0.43. EXFO has a twelve month low of $3.72 and a twelve month high of $6.15.
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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