Exfo (NASDAQ:EXFO) (TSE:EXF) had its price objective lifted by stock analysts at TD Securities from $4.00 to $4.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the communications equipment provider’s stock. TD Securities’ price target indicates a potential upside of 18.11% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. CIBC restated a “hold” rating and set a $4.50 price objective on shares of Exfo in a report on Thursday. Zacks Investment Research upgraded Exfo from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Northland Securities restated a “buy” rating and set a $5.50 price objective on shares of Exfo in a report on Thursday, July 11th. Finally, ValuEngine cut Exfo from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Exfo has an average rating of “Hold” and an average target price of $4.42.
EXFO stock opened at $3.81 on Thursday. Exfo has a 52-week low of $2.66 and a 52-week high of $4.97. The stock’s fifty day simple moving average is $3.72 and its 200-day simple moving average is $3.94. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $211.04 million, a price-to-earnings ratio of 31.75 and a beta of 1.11.
Exfo (NASDAQ:EXFO) (TSE:EXF) last posted its quarterly earnings data on Wednesday, October 9th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Exfo had a positive return on equity of 3.76% and a negative net margin of 0.86%. The business had revenue of $70.18 million for the quarter, compared to analysts’ expectations of $69.05 million. As a group, analysts anticipate that Exfo will post 0.28 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of EXFO. Hillsdale Investment Management Inc. acquired a new position in Exfo in the second quarter valued at $918,000. Global Alpha Capital Management Ltd. acquired a new position in Exfo in the second quarter valued at $96,000. Brandes Investment Partners LP acquired a new position in Exfo in the second quarter valued at $778,000. BlackRock Inc. acquired a new position in Exfo in the second quarter valued at $107,000. Finally, River & Mercantile Asset Management LLP acquired a new position in Exfo in the second quarter valued at $1,444,000. Hedge funds and other institutional investors own 11.20% of the company’s stock.
Exfo Company Profile
EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.
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