Exfo Inc. (NASDAQ:EXFO) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Exfo Inc. (NASDAQ:EXFO) have been given an average recommendation of “Hold” by the eight research firms that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $3.96.
A number of research analysts recently commented on the company. Canaccord Genuity reiterated a “hold” rating and issued a $4.00 price objective on shares of Exfo in a report on Thursday, August 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $5.50 price objective on shares of Exfo in a report on Thursday, June 30th. Finally, Zacks Investment Research upgraded Exfo from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd.
Several hedge funds have recently bought and sold shares of EXFO. White Pine Capital LLC raised its stake in 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 in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Exfo during the first quarter worth $255,000. Finally, Hillsdale Investment Management Inc. raised its stake in 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 in the last quarter. 15.07% of the stock is currently owned by institutional investors and hedge funds.
Exfo (NASDAQ:EXFO) traded up 1.0553% during mid-day trading on Thursday, hitting $3.8401. The stock had a trading volume of 12,355 shares. Exfo has a 52-week low of $2.35 and a 52-week high of $4.36. The stock has a market cap of $206.97 million, a P/E ratio of 23.8516 and a beta of 0.72. The firm has a 50-day moving average of $3.50 and a 200-day moving average of $3.68.
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.
Receive News & Stock Ratings for Exfo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exfo Inc. and related stocks with our FREE daily email newsletter.