EXFO Inc (EXFO) PT Set at $6.00 by BMO Capital Markets
EXFO Inc (NASDAQ:EXFO) (TSE:EXF) has been assigned a $6.00 price target by equities research analysts at BMO Capital Markets in a report issued on Friday. The firm currently has a “hold” rating on the communications equipment provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 44.58% from the stock’s current price.
Several other equities analysts have also weighed in on EXFO. Northland Securities set a $6.00 target price on shares of EXFO and gave the company a “buy” rating in a report on Saturday, July 1st. Royal Bank Of Canada cut their target price on shares of EXFO from $5.50 to $5.25 and set a “sector perform” rating for the company in a report on Friday, June 30th. TheStreet lowered shares of EXFO from a “b” rating to a “c+” rating in a report on Friday, July 7th. Finally, Zacks Investment Research raised shares of EXFO from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.70.
EXFO (EXFO) opened at 4.15 on Friday. The company has a market capitalization of $227.04 million, a price-to-earnings ratio of 259.38 and a beta of 0.48. The firm has a 50 day moving average of $4.07 and a 200-day moving average of $4.50. EXFO has a 52-week low of $3.73 and a 52-week high of $6.15.
ILLEGAL ACTIVITY NOTICE: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/10/15/exfo-inc-exfo-pt-set-at-6-00-by-bmo-capital-markets.html.
A number of institutional investors have recently added to or reduced their stakes in EXFO. Renaissance Technologies LLC grew its stake in EXFO by 11.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock valued at $7,997,000 after acquiring an additional 162,510 shares during the period. TD Asset Management Inc. grew its stake in EXFO by 11.1% in the 2nd quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock valued at $1,093,000 after acquiring an additional 23,500 shares during the period. Finally, White Pine Capital LLC grew its stake in EXFO by 28.4% in the 2nd quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock valued at $832,000 after acquiring an additional 39,175 shares during the period. 16.99% of the stock is currently owned by hedge funds and other institutional investors.
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.
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.