Q2 2018 EPS Estimates for Exfo Inc Decreased by Analyst (EXFO)

Exfo Inc (NASDAQ:EXFO) (TSE:EXF) – Analysts at National Bank Financial decreased their Q2 2018 EPS estimates for shares of Exfo in a report issued on Tuesday. National Bank Financial analyst R. Tse now anticipates that the communications equipment provider will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.06. National Bank Financial currently has a “Sector Perform” rating and a $4.75 price target on the stock. National Bank Financial also issued estimates for Exfo’s FY2018 earnings at $0.23 EPS and FY2019 earnings at $0.34 EPS.

Other equities analysts have also issued reports about the stock. TheStreet raised shares of Exfo from a “c” rating to a “b-” rating in a report on Thursday, November 16th. Northland Securities set a $6.00 price objective on shares of Exfo and gave the company a “buy” rating in a report on Wednesday, October 11th. Royal Bank of Canada reissued a “hold” rating and set a $5.25 price objective on shares of Exfo in a report on Monday, October 16th. Canaccord Genuity reissued a “hold” rating and set a $4.75 price objective on shares of Exfo in a report on Sunday, October 15th. Finally, BMO Capital Markets set a $6.00 price objective on shares of Exfo and gave the company a “hold” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.35.

Shares of Exfo (EXFO) traded up $0.15 during mid-day trading on Thursday, reaching $4.45. 535,563 shares of the company traded hands, compared to its average volume of 11,383. The stock has a market capitalization of $235.93, a price-to-earnings ratio of 445.00 and a beta of 0.49. The company has a current ratio of 2.11, a quick ratio of 1.77 and a debt-to-equity ratio of 0.01. Exfo has a 12 month low of $3.72 and a 12 month high of $6.15.

A hedge fund recently raised its stake in Exfo stock. JPMorgan Chase & Co. boosted its holdings in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 107.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,553 shares of the communications equipment provider’s stock after buying an additional 14,803 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.05% of Exfo worth $107,000 as of its most recent SEC filing. 16.11% of the stock is currently owned by institutional investors and hedge funds.

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Exfo Company Profile

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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