National Bankshares cut shares of EXFO (NASDAQ:EXFO) (TSE:EXF) from a sector perform rating to a tender rating in a research note released on Tuesday morning, BayStreet.CA reports. National Bankshares currently has $6.00 price objective on the communications equipment provider’s stock, up from their prior price objective of $4.50.
Other equities analysts also recently issued research reports about the company. National Bank Financial raised their price target on EXFO to $7.25 and gave the stock a tender rating in a research report on Tuesday. Zacks Investment Research downgraded EXFO from a hold rating to a sell rating in a research report on Tuesday, May 18th. Northland Securities raised their price target on EXFO from $6.00 to $7.25 and gave the stock an outperform rating in a research report on Tuesday. Finally, Canaccord Genuity reaffirmed a hold rating and issued a $4.00 price objective on shares of EXFO in a research report on Thursday, April 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $5.79.
NASDAQ EXFO opened at $5.94 on Tuesday. EXFO has a 1-year low of $2.55 and a 1-year high of $6.15. The stock has a market cap of $341.23 million, a P/E ratio of 594.59 and a beta of 1.33. The company has a 50 day moving average price of $3.97. The company has a quick ratio of 1.02, a current ratio of 1.47 and a debt-to-equity ratio of 0.01.
Several institutional investors and hedge funds have recently modified their holdings of the business. Worth Venture Partners LLC acquired a new position in shares of EXFO during the first quarter worth about $527,000. Gamco Investors INC. ET AL acquired a new position in shares of EXFO during the first quarter worth about $65,000. Gabelli Funds LLC acquired a new position in shares of EXFO during the first quarter worth about $63,000. Renaissance Technologies LLC lifted its stake in shares of EXFO by 1.6% during the first quarter. Renaissance Technologies LLC now owns 1,045,198 shares of the communications equipment provider’s stock worth $4,453,000 after purchasing an additional 16,825 shares in the last quarter. Finally, White Pine Capital LLC increased its position in shares of EXFO by 21.9% during the first quarter. White Pine Capital LLC now owns 502,678 shares of the communications equipment provider’s stock worth $2,141,000 after acquiring an additional 90,180 shares during the last quarter. Institutional investors own 12.22% of the company’s stock.
EXFO Inc provides test, monitoring, and analytics solutions for fixed and mobile network operators, web-scale companies, and optical component and network equipment manufacturers in the communications industry. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, light sources, live fiber detection, network protocol testing, optical fiber multimeter, optical loss testing, OTDR and iOLM, power meters, spectral testing, test function virtualization, test reporting and automation, and variable attenuators products, as well as modular test platforms.
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