Exfo Inc. (NASDAQ:EXFO) has received an average recommendation of “Hold” from the seven brokerages that are currently covering the company. Four equities research 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 brokerages that have updated their coverage on the stock in the last year is $4.15.
EXFO has been the topic of several research analyst reports. Zacks Investment Research raised Exfo from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Canaccord Genuity reaffirmed a “hold” rating and issued a $4.00 price objective on shares of Exfo in a research report on Thursday, August 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $5.50 price objective on shares of Exfo in a research report on Thursday, June 30th.
A number of large investors have recently modified their holdings of EXFO. Hillsdale Investment Management Inc. increased its stake in shares of Exfo by 22.9% in the second quarter. Hillsdale Investment Management Inc. now owns 286,600 shares of the company’s stock worth $991,000 after buying an additional 53,400 shares during the last quarter. White Pine Capital LLC increased its stake in shares of Exfo by 65.2% in the second quarter. White Pine Capital LLC now owns 38,000 shares of the company’s stock worth $131,000 after buying an additional 15,000 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC bought a new stake in shares of Exfo during the first quarter worth $255,000. 15.07% of the stock is currently owned by institutional investors.
Exfo (NASDAQ:EXFO) opened at 3.75 on Thursday. The firm has a 50-day moving average price of $3.55 and a 200-day moving average price of $3.70. Exfo has a 12 month low of $2.35 and a 12 month high of $4.36. The stock has a market cap of $202.11 million, a price-to-earnings ratio of 23.29 and a beta of 0.71.
Exfo Company Profile
EXFO Inc, formerly EXFO Electro-Optical Engineering Inc, designs, manufactures and markets test, service assurance and network visibility solutions for fixed and mobile network operators, Web-scale service providers, as well as equipment manufacturers in the global telecommunications industry. The Company focuses on network infrastructures, including 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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