Exfo Inc (NASDAQ:EXFO) Given Average Rating of “Hold” by Analysts

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Shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.83.

Several equities research analysts have recently issued reports on the company. ValuEngine lowered Exfo from a “hold” rating to a “sell” rating in a research report on Saturday. TD Securities raised their target price on Exfo from $4.00 to $4.50 and gave the company a “hold” rating in a research report on Thursday, October 10th. Zacks Investment Research lowered Exfo from a “hold” rating to a “strong sell” rating in a research report on Friday, October 11th. BidaskClub raised Exfo from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, CIBC reaffirmed a “hold” rating and set a $4.50 target price on shares of Exfo in a research report on Thursday, October 10th.

Shares of Exfo stock traded down $0.02 during trading hours on Tuesday, hitting $4.37. 20,146 shares of the company’s stock traded hands, compared to its average volume of 24,281. Exfo has a 12-month low of $2.74 and a 12-month high of $4.97. The stock has a market capitalization of $242.92 million, a price-to-earnings ratio of 36.38 and a beta of 1.20. The company has a fifty day simple moving average of $4.27 and a 200-day simple moving average of $3.93. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.45 and a quick ratio of 1.01.

Exfo (NASDAQ:EXFO) (TSE:EXF) last announced its 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. Exfo had a positive return on equity of 3.75% and a negative net margin of 0.86%. The firm had revenue of $70.18 million during the quarter, compared to analyst estimates of $69.05 million. On average, analysts forecast that Exfo will post 0.28 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of EXFO. Hillsdale Investment Management Inc. bought a new position in shares of Exfo during the 2nd quarter worth $918,000. Global Alpha Capital Management Ltd. bought a new position in shares of Exfo during the 2nd quarter worth $96,000. Brandes Investment Partners LP bought a new position in shares of Exfo during the 2nd quarter worth $778,000. BlackRock Inc. bought a new position in shares of Exfo during the 2nd quarter worth $107,000. Finally, River & Mercantile Asset Management LLP bought a new position in shares of Exfo during the 2nd quarter worth $1,444,000. Institutional investors own 10.06% of the company’s stock.

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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