EXFO (NASDAQ:EXFO) (TSE:EXF)‘s stock had its “hold” rating reissued by investment analysts at Canaccord Genuity in a research report issued on Thursday, AnalystRatings.com reports. They presently have a $4.00 target price on the communications equipment provider’s stock. Canaccord Genuity’s target price would indicate a potential downside of 8.88% from the stock’s current price.
A number of other equities analysts also recently weighed in on EXFO. BMO Capital Markets boosted their target price on shares of EXFO from $3.75 to $4.00 and gave the stock a “market perform” rating in a report on Wednesday, January 13th. TheStreet upgraded shares of EXFO from a “d+” rating to a “c-” rating in a report on Tuesday, January 12th. Zacks Investment Research downgraded shares of EXFO from a “buy” rating to a “hold” rating in a report on Tuesday, March 16th. TD Securities boosted their target price on shares of EXFO from $3.50 to $4.00 and gave the stock a “hold” rating in a report on Wednesday, January 13th. Finally, Northland Securities restated a “buy” rating and set a $6.00 target price on shares of EXFO in a report on Thursday. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $4.18.
NASDAQ EXFO opened at $4.39 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. EXFO has a 12-month low of $2.12 and a 12-month high of $4.69. The company has a market capitalization of $251.67 million, a PE ratio of -39.91 and a beta of 1.37. The firm’s 50 day moving average is $4.31 and its 200-day moving average is $3.49.
EXFO (NASDAQ:EXFO) (TSE:EXF) last posted its quarterly earnings data on Tuesday, April 6th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). EXFO had a negative net margin of 2.25% and a negative return on equity of 1.55%. As a group, sell-side analysts expect that EXFO will post 0.28 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in EXFO. Wells Fargo & Company MN bought a new position in EXFO during the fourth quarter worth $34,000. JPMorgan Chase & Co. boosted its position in EXFO by 7.4% during the fourth quarter. JPMorgan Chase & Co. now owns 36,153 shares of the communications equipment provider’s stock worth $123,000 after purchasing an additional 2,501 shares during the period. Brandes Investment Partners LP bought a new position in EXFO during the fourth quarter worth $613,000. Finally, Renaissance Technologies LLC boosted its position in EXFO by 2.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,028,373 shares of the communications equipment provider’s stock worth $3,507,000 after purchasing an additional 21,000 shares during the period. 10.87% of the stock is owned by hedge funds and other institutional investors.
EXFO Inc provides test, monitoring, and analytics solutions for fixed and mobile network operators, web-scale companies, and optical component and network equipment manufacturers in the communications industry. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, light sources, live fiber detection, network protocol testing, optical fiber multimeter, optical loss testing, OTDR and iOLM, power meters, spectral testing, test function virtualization, test reporting and automation, and variable attenuators products, as well as modular test platforms.
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