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.

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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.

Analyst Recommendations for EXFO (NASDAQ:EXFO)

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