Shares of Exfo Inc. (NASDAQ:EXFO) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $4.25.

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity set a $4.00 target price on shares of Exfo and gave the stock a “hold” rating in a research report on Saturday, October 15th. Zacks Investment Research cut shares of Exfo from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $4.25 target price on shares of Exfo in a research report on Wednesday, October 12th.

A number of large investors have recently bought and sold shares of the stock. Morgan Stanley boosted its stake in Exfo by 7.3% in the third quarter. Morgan Stanley now owns 33,000 shares of the company’s stock valued at $123,000 after buying an additional 2,255 shares during the last quarter. Hillsdale Investment Management Inc. boosted 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 in the last quarter. White Pine Capital LLC boosted 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 in the last quarter. Finally, Summit Partners Public Asset Management LLC acquired a new stake in shares of Exfo during the first quarter valued at approximately $255,000. Hedge funds and other institutional investors own 14.73% of the company’s stock.

Shares of Exfo (NASDAQ:EXFO) opened at 4.40 on Thursday. The company’s 50-day moving average is $4.04 and its 200 day moving average is $3.76. The firm has a market capitalization of $236.58 million, a price-to-earnings ratio of 27.50 and a beta of 0.73. Exfo has a 1-year low of $2.35 and a 1-year high of $4.45.

Exfo (NASDAQ:EXFO) last released its quarterly earnings data on Wednesday, October 12th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The company earned $62.90 million during the quarter. Exfo had a net margin of 3.83% and a return on equity of 5.77%. On average, analysts expect that Exfo will post $0.27 EPS for the current fiscal year.

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.

5 Day Chart for NASDAQ:EXFO

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