Analysts Set Exfo Inc (NASDAQ:EXFO) Target Price at $4.25

Exfo Inc (NASDAQ:EXFO) (TSE:EXF) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $4.40.

Several brokerages have recently commented on EXFO. CIBC reaffirmed a “hold” rating and set a $4.50 price objective on shares of Exfo in a research note on Thursday. Zacks Investment Research raised shares of Exfo from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. Northland Securities reaffirmed a “buy” rating and set a $5.50 price objective on shares of Exfo in a research note on Thursday, July 11th. TD Securities upped their price objective on shares of Exfo from $4.00 to $4.50 and gave the company a “hold” rating in a research note on Thursday. Finally, ValuEngine downgraded shares of Exfo from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Several large investors have recently modified their holdings of EXFO. Royal Bank of Canada raised its stake in Exfo by 33.6% in the second quarter. Royal Bank of Canada now owns 14,350 shares of the communications equipment provider’s stock worth $53,000 after buying an additional 3,611 shares in the last quarter. Global Alpha Capital Management Ltd. bought a new position in shares of Exfo during the second quarter valued at approximately $96,000. BlackRock Inc. bought a new position in shares of Exfo during the second quarter valued at approximately $107,000. White Pine Capital LLC increased its stake in shares of Exfo by 41.4% during the first quarter. White Pine Capital LLC now owns 454,815 shares of the communications equipment provider’s stock valued at $1,674,000 after purchasing an additional 133,200 shares in the last quarter. Finally, Brandes Investment Partners LP bought a new position in shares of Exfo during the second quarter valued at approximately $778,000. 11.20% of the stock is owned by hedge funds and other institutional investors.

NASDAQ EXFO traded up $0.03 during trading on Friday, hitting $3.81. 216 shares of the company’s stock traded hands, compared to its average volume of 11,796. The stock has a fifty day moving average of $3.72 and a two-hundred day moving average of $3.93. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.42 and a quick ratio of 0.97. Exfo has a 12-month low of $2.66 and a 12-month high of $4.97. The firm has a market cap of $203.84 million, a P/E ratio of 31.79 and a beta of 1.11.

Exfo (NASDAQ:EXFO) (TSE:EXF) last posted its quarterly earnings results on Wednesday, October 9th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $70.18 million during the quarter, compared to analyst estimates of $69.05 million. Exfo had a negative net margin of 2.17% and a positive return on equity of 3.65%. As a group, analysts expect that Exfo will post 0.28 earnings per share for the current fiscal year.

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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