Exfo Inc (EXFO) Receives $4.06 Consensus Price Target from Analysts

Shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.06.

A number of research analysts have recently commented on EXFO shares. TD Securities lowered their price target on Exfo from $5.00 to $4.50 and set a “hold” rating on the stock in a report on Sunday, October 14th. GMP Securities lowered Exfo from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Zacks Investment Research lowered Exfo from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Royal Bank of Canada lowered their price target on Exfo from $4.50 to $3.75 and set a “sector perform” rating on the stock in a report on Monday, October 15th. Finally, National Bank Financial lowered their price target on Exfo from $4.25 to $3.75 and set a “sector perform” rating on the stock in a report on Sunday, October 14th.

Institutional investors and hedge funds have recently modified their holdings of the company. Fiera Capital Corp increased its holdings in shares of Exfo by 3.2% during the second quarter. Fiera Capital Corp now owns 541,800 shares of the communications equipment provider’s stock valued at $1,863,000 after purchasing an additional 16,800 shares during the period. CLARET ASSET MANAGEMENT Corp boosted its stake in Exfo by 85.3% during the third quarter. CLARET ASSET MANAGEMENT Corp now owns 91,010 shares of the communications equipment provider’s stock valued at $343,000 after buying an additional 41,884 shares in the last quarter. Finally, RBF Capital LLC boosted its stake in Exfo by 64.2% during the third quarter. RBF Capital LLC now owns 37,070 shares of the communications equipment provider’s stock valued at $141,000 after buying an additional 14,499 shares in the last quarter. 7.13% of the stock is currently owned by institutional investors.

NASDAQ EXFO traded up $0.08 during trading hours on Thursday, hitting $3.30. The company had a trading volume of 13,058 shares, compared to its average volume of 10,253. Exfo has a fifty-two week low of $2.66 and a fifty-two week high of $4.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.38 and a quick ratio of 0.93. The firm has a market capitalization of $177.72 million, a PE ratio of 36.68 and a beta of 0.89.

Exfo (NASDAQ:EXFO) (TSE:EXF) last issued its quarterly earnings results on Thursday, October 11th. The communications equipment provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $69.22 million for the quarter, compared to analyst estimates of $71.77 million. Exfo had a negative net margin of 4.42% and a positive return on equity of 2.90%. Equities research analysts expect that Exfo will post 0.2 earnings per share for the current fiscal year.

Exfo Company Profile

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Webscale companies. It offers lab and manufacturing testing systems, including lab platforms; network simulation and load testing tools to meet the mobile telecom and VOIP/IMS network test challenges; transport and datacom solutions, such as Ethernet testing, fiber channel testing, DSn/PDH and SONET/SDH testing, synchronization testing, and SONET/SDH, OTN, and multiservice testing solutions; and optical products comprising power meters, light sources and amplifiers, variable attenuators, switch and utility modules, polarization analysis, optical communication analyzers, spectral testing products, bit-error-rate testing products, optical benchtop kits, osics multifunction platform, optical component testers, and tunable filters.

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Analyst Recommendations for Exfo (NASDAQ:EXFO)

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