BidaskClub upgraded shares of Exfo (NASDAQ:EXFO) (TSE:EXF) from a strong sell rating to a sell rating in a report published on Monday.
A number of other equities analysts have also weighed in on EXFO. Northland Securities set a $6.00 price target on shares of Exfo and gave the stock a buy rating in a research report on Wednesday, October 11th. BMO Capital Markets set a $6.00 price target on shares of Exfo and gave the stock a hold rating in a research report on Friday, October 13th. Canaccord Genuity restated a hold rating and set a $4.75 price target on shares of Exfo in a research report on Sunday, October 15th. Royal Bank of Canada restated a hold rating and set a $5.25 price target on shares of Exfo in a research report on Monday, October 16th. Finally, Zacks Investment Research lowered shares of Exfo from a hold rating to a sell rating in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, four 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 a consensus price target of $5.35.
Exfo (NASDAQ EXFO) opened at $4.50 on Monday. The firm has a market cap of $252.67, a PE ratio of 24.21 and a beta of 0.51. Exfo has a 52-week low of $3.72 and a 52-week high of $6.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 2.11.
Exfo (NASDAQ:EXFO) (TSE:EXF) last posted its quarterly earnings results on Tuesday, January 9th. The communications equipment provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $63.39 million for the quarter, compared to analyst estimates of $62.80 million. Exfo had a net margin of 0.09% and a return on equity of 5.22%. analysts anticipate that Exfo will post 0.24 EPS for the current fiscal year.
A hedge fund recently raised its stake in Exfo stock. JPMorgan Chase & Co. raised its position in Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 107.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,553 shares of the communications equipment provider’s stock after purchasing an additional 14,803 shares during the quarter. JPMorgan Chase & Co. owned about 0.05% of Exfo worth $107,000 as of its most recent SEC filing. 16.10% of the stock is owned by institutional investors.
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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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