Exfo Inc (EXFO) Receives $4.79 Consensus PT from Analysts

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Exfo Inc (NASDAQ:EXFO) (TSE:EXF) has received a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong 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 $4.79.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Exfo from a “sell” rating to a “hold” rating in a research report on Tuesday, June 12th. TheStreet cut Exfo from a “b-” rating to a “c+” rating in a research report on Tuesday, June 19th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $4.25 target price on shares of Exfo in a research report on Thursday, July 12th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXFO. PenderFund Capital Management Ltd. purchased a new position in shares of Exfo during the first quarter worth about $5,206,000. Spark Investment Management LLC purchased a new position in shares of Exfo during the first quarter worth about $159,000. Finally, Fiera Capital Corp grew its holdings in shares of Exfo by 5.0% during the first quarter. Fiera Capital Corp now owns 525,000 shares of the communications equipment provider’s stock worth $2,197,000 after buying an additional 25,000 shares during the last quarter. 12.05% of the stock is currently owned by hedge funds and other institutional investors.

Exfo traded down $0.02, reaching $3.83, during midday trading on Tuesday, MarketBeat reports. The company’s stock had a trading volume of 23,629 shares, compared to its average volume of 120,497. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.42 and a quick ratio of 0.99. Exfo has a fifty-two week low of $3.16 and a fifty-two week high of $4.70. The stock has a market cap of $212.19 million, a PE ratio of 18.21 and a beta of 0.61.

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.

Further Reading: Understanding Analyst Ratings

Analyst Recommendations for Exfo (NASDAQ:EXFO)

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