National Bank Financial began coverage on shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) in a research report sent to investors on Thursday. The firm issued a sector perform rating and a $5.50 target price on the communications equipment provider’s stock.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Exfo from a hold rating to a buy rating and set a $5.25 price target on the stock in a research note on Thursday, January 12th. Royal Bank of Canada reiterated a hold rating and issued a $4.50 price target on shares of Exfo in a research note on Thursday, January 5th. Finally, BMO Capital Markets reiterated a hold rating and issued a $5.00 price target on shares of Exfo in a research note on Wednesday, January 11th. Four equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of Hold and an average target price of $4.85.
Exfo (NASDAQ:EXFO) traded down 0.7613% during midday trading on Thursday, reaching $4.6146. The company’s stock had a trading volume of 7,787 shares. The stock has a market capitalization of $251.82 million, a price-to-earnings ratio of 33.4391 and a beta of 0.71. Exfo has a 52-week low of $3.07 and a 52-week high of $6.15. The firm has a 50-day moving average price of $5.24 and a 200 day moving average price of $4.78.
Exfo (NASDAQ:EXFO) last posted its quarterly earnings data on Wednesday, March 29th. The communications equipment provider reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $60 million for the quarter, compared to analysts’ expectations of $60.47 million. Exfo had a net margin of 4.36% and a return on equity of 6.60%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts predict that Exfo will post $0.20 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Soros Fund Management LLC raised its position in Exfo by 51.6% in the fourth quarter. Soros Fund Management LLC now owns 1,313,666 shares of the communications equipment provider’s stock valued at $5,780,000 after buying an additional 447,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Exfo by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,375,380 shares of the communications equipment provider’s stock worth $6,052,000 after buying an additional 58,468 shares during the period. Finally, Harber Asset Management LLC raised its position in shares of Exfo by 15.7% in the third quarter. Harber Asset Management LLC now owns 275,321 shares of the communications equipment provider’s stock worth $1,024,000 after buying an additional 37,412 shares during the period. Institutional investors own 15.09% of the company’s stock.
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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