EXFO Inc (NASDAQ:EXFO) (TSE:EXF) has received an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $5.70.

A number of equities analysts recently commented on EXFO shares. Canaccord Genuity reaffirmed a “hold” rating and issued a $5.75 target price on shares of EXFO in a report on Tuesday, May 2nd. Zacks Investment Research upgraded EXFO from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. Royal Bank Of Canada cut their price target on EXFO from $5.50 to $5.25 and set a “sector perform” rating for the company in a research note on Friday, June 30th. Northland Securities set a $6.00 price target on EXFO and gave the stock a “buy” rating in a research note on Saturday, July 1st. Finally, BMO Capital Markets set a $6.00 price target on EXFO and gave the stock a “hold” rating in a research note on Saturday, July 1st.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of EXFO by 11.8% in the first quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock worth $7,997,000 after buying an additional 162,510 shares during the last quarter. TD Asset Management Inc. increased its position in shares of EXFO by 11.1% in the second quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock worth $1,093,000 after buying an additional 23,500 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of EXFO by 20.7% in the first quarter. Hillsdale Investment Management Inc. now owns 187,000 shares of the communications equipment provider’s stock worth $980,000 after buying an additional 32,100 shares during the last quarter. White Pine Capital LLC increased its position in shares of EXFO by 28.4% in the second quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock worth $832,000 after buying an additional 39,175 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of EXFO by 1,114.1% in the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock worth $451,000 after buying an additional 79,100 shares during the last quarter. Hedge funds and other institutional investors own 16.65% of the company’s stock.

Shares of EXFO (EXFO) remained flat at $3.95 on Tuesday. 4,183 shares of the company’s stock were exchanged. EXFO has a 52-week low of $3.14 and a 52-week high of $6.15. The firm’s 50-day moving average price is $4.18 and its 200 day moving average price is $4.86. The company has a market cap of $216.08 million, a PE ratio of 98.75 and a beta of 0.55.

EXFO (NASDAQ:EXFO) (TSE:EXF) last announced its earnings results on Thursday, June 29th. The communications equipment provider reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.06. EXFO had a return on equity of 2.76% and a net margin of 0.93%. The company had revenue of $58.50 million during the quarter, compared to the consensus estimate of $61.61 million. The firm’s quarterly revenue was down 3.8% on a year-over-year basis.

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EXFO Company Profile

EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: 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.

Analyst Recommendations for EXFO (NASDAQ:EXFO)

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