EXFO (EXFO) Given Average Recommendation of “Hold” by Brokerages

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Shares of EXFO (NASDAQ:EXFO) (TSE:EXF) have received an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.30.

Several research analysts have recently commented on EXFO shares. BidaskClub upgraded EXFO from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded EXFO from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Royal Bank of Canada reiterated a “hold” rating and issued a $5.00 price objective on shares of EXFO in a report on Wednesday, April 11th. Finally, TheStreet downgraded EXFO from a “b-” rating to a “c+” rating in a report on Tuesday.

Large investors have recently made changes to their positions in the stock. PenderFund Capital Management Ltd. purchased a new position in EXFO during the 1st quarter valued at about $5,206,000. Mackenzie Financial Corp purchased a new position in EXFO during the 4th quarter valued at about $4,009,000. White Pine Capital LLC increased its holdings in EXFO by 30.2% during the 4th quarter. White Pine Capital LLC now owns 256,465 shares of the communications equipment provider’s stock valued at $1,116,000 after purchasing an additional 59,475 shares during the period. Fiera Capital Corp increased its holdings in EXFO by 5.0% during the 1st quarter. Fiera Capital Corp now owns 525,000 shares of the communications equipment provider’s stock valued at $2,197,000 after purchasing an additional 25,000 shares during the period. Finally, Spark Investment Management LLC purchased a new position in EXFO during the 1st quarter valued at about $159,000. Institutional investors own 12.08% of the company’s stock.

EXFO stock traded up $0.05 during mid-day trading on Monday, hitting $3.25. 9,378 shares of the stock were exchanged, compared to its average volume of 13,311. The company has a quick ratio of 1.02, a current ratio of 1.50 and a debt-to-equity ratio of 0.04. EXFO has a 12 month low of $3.16 and a 12 month high of $5.35. The firm has a market cap of $176.35 million, a P/E ratio of 15.48 and a beta of 0.63.

EXFO (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings data on Tuesday, April 10th. The communications equipment provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The company had revenue of $64.72 million during the quarter, compared to analysts’ expectations of $62.32 million. EXFO had a positive return on equity of 4.49% and a negative net margin of 2.18%. research analysts expect that EXFO will post 0.12 EPS for the current fiscal year.

About EXFO

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Webscale companies. It offers lab and manufacturing testing systems, including lab platforms; network simulation and load testing tools to meet the mobile telecom and VOIP/IMS network test challenges; transport and datacom solutions, such as Ethernet testing, fiber channel testing, DSn/PDH and SONET/SDH testing, synchronization testing, and SONET/SDH, OTN, and multiservice testing solutions; and optical products comprising power meters, light sources and amplifiers, variable attenuators, switch and utility modules, polarization analysis, optical communication analyzers, spectral testing products, bit-error-rate testing products, optical benchtop kits, osics multifunction platform, optical component testers, and tunable filters.

Analyst Recommendations for EXFO (NASDAQ:EXFO)

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