EXFO Inc (NASDAQ:EXFO) (TSE:EXF) has been assigned a $6.00 price objective by equities researchers at BMO Capital Markets in a report released on Friday. The firm currently has a “hold” rating on the communications equipment provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 48.15% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Northland Securities set a $6.00 price target on shares of EXFO and gave the stock a “buy” rating in a report on Saturday, July 1st. TheStreet lowered shares of EXFO from a “b” rating to a “c+” rating in a report on Friday, July 7th. Zacks Investment Research lowered shares of EXFO from a “hold” rating to a “strong sell” rating in a report on Monday, July 3rd. Finally, Royal Bank Of Canada cut their price target on shares of EXFO from $5.50 to $5.25 and set a “sector perform” rating on the stock in a report on Friday, June 30th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.60.
EXFO (NASDAQ EXFO) traded up 4.94% during trading on Friday, reaching $4.25. The company had a trading volume of 49,480 shares. The stock has a 50 day moving average of $4.06 and a 200-day moving average of $4.52. The stock has a market capitalization of $232.49 million, a P/E ratio of 106.25 and a beta of 0.48. EXFO has a 12-month low of $3.70 and a 12-month high of $6.15.
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Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of EXFO by 11.8% during the first quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock worth $7,997,000 after buying an additional 162,510 shares during the period. TD Asset Management Inc. lifted its stake in shares of EXFO by 11.1% during the second quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock worth $1,093,000 after buying an additional 23,500 shares during the period. Finally, White Pine Capital LLC lifted its stake in shares of EXFO by 28.4% during the second quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock worth $832,000 after buying an additional 39,175 shares during the period. Institutional investors and hedge funds own 16.99% of the company’s stock.
EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.
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