Exfo’s (EXFO) “Sector Perform” Rating Reiterated at RBC Capital Markets
Exfo Inc. (NASDAQ:EXFO)‘s stock had its “sector perform” rating reissued by analysts at RBC Capital Markets in a research report issued to clients and investors on Wednesday. They presently have a $4.25 price objective on the stock. RBC Capital Markets’ price objective suggests a potential upside of 8.97% from the company’s previous close.
Several other equities analysts have also issued reports on EXFO. Zacks Investment Research raised Exfo from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $5.50 target price on shares of Exfo in a research note on Thursday, June 30th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Exfo in a research note on Thursday, June 30th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $4.00.
Shares of Exfo (NASDAQ:EXFO) traded up 1.56% during midday trading on Wednesday, reaching $3.90. The company’s stock had a trading volume of 111,184 shares. Exfo has a 12-month low of $2.35 and a 12-month high of $4.36. The stock’s 50-day moving average price is $3.58 and its 200-day moving average price is $3.70. The company has a market cap of $210.19 million, a P/E ratio of 24.22 and a beta of 0.72.
Exfo (NASDAQ:EXFO) last announced its quarterly earnings results on Wednesday, October 12th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Exfo had a net margin of 3.96% and a return on equity of 6.50%. The business earned $62.90 million during the quarter, compared to analyst estimates of $59.52 million. On average, analysts expect that Exfo will post $0.19 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of EXFO. 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 valued at $131,000 after buying an additional 15,000 shares during the period. Summit Partners Public Asset Management LLC bought a new stake in shares of Exfo during the first quarter valued at $255,000. Finally, 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 valued at $991,000 after buying an additional 53,400 shares during the period. Institutional investors own 15.07% of the company’s stock.
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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