Exfo Inc (EXFO) Receives Average Recommendation of “Hold” from Analysts

Shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $4.35.

Several brokerages have recently issued reports on EXFO. Zacks Investment Research lowered shares of Exfo from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 10th. TD Securities reduced their price objective on shares of Exfo from $4.50 to $4.00 and set a “hold” rating on the stock in a research note on Wednesday, January 9th. Northland Securities set a $6.00 price objective on shares of Exfo and gave the stock a “buy” rating in a research note on Thursday, December 20th. ValuEngine lowered shares of Exfo from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, Royal Bank of Canada reduced their price objective on shares of Exfo from $4.50 to $3.75 and set a “sector perform” rating on the stock in a research note on Monday, October 15th.

A hedge fund recently raised its stake in Exfo stock. RBF Capital LLC increased its position in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 64.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,070 shares of the communications equipment provider’s stock after acquiring an additional 14,499 shares during the quarter. RBF Capital LLC owned about 0.07% of Exfo worth $141,000 as of its most recent SEC filing. 9.53% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ EXFO traded up $0.04 during mid-day trading on Tuesday, hitting $3.32. The company’s stock had a trading volume of 1,538 shares, compared to its average volume of 17,007. The firm has a market capitalization of $183.60 million, a PE ratio of 36.89 and a beta of 1.06. The company has a current ratio of 1.27, a quick ratio of 0.88 and a debt-to-equity ratio of 0.03. Exfo has a one year low of $2.66 and a one year high of $4.65.

About Exfo

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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Analyst Recommendations for Exfo (NASDAQ:EXFO)

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