Exfo’s (EXFO) “Hold” Rating Reaffirmed at Canaccord Genuity

Exfo (NASDAQ:EXFO) (TSE:EXF)‘s stock had its “hold” rating reiterated by equities researchers at Canaccord Genuity in a report issued on Thursday, AnalystRatings.com reports. They presently have a $4.00 target price on the communications equipment provider’s stock. Canaccord Genuity’s price target indicates a potential upside of 24.22% from the company’s current price.

A number of other equities research analysts have also weighed in on EXFO. National Bank Financial lowered their price target on shares of Exfo from $3.75 to $3.00 and set a “sector perform” rating for the company in a report on Thursday, April 9th. TheStreet lowered shares of Exfo from a “c-” rating to a “d” rating in a report on Friday, April 17th. Zacks Investment Research raised shares of Exfo from a “sell” rating to a “hold” rating in a report on Tuesday, June 9th. BMO Capital Markets lowered their price target on shares of Exfo from $5.00 to $3.50 and set a “market perform” rating for the company in a report on Monday, April 6th. Finally, CIBC lowered their price target on shares of Exfo from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Exfo presently has a consensus rating of “Hold” and a consensus target price of $3.86.

Exfo stock opened at $3.22 on Thursday. Exfo has a 52-week low of $2.00 and a 52-week high of $4.95. The firm has a fifty day moving average of $2.81 and a 200-day moving average of $3.23. The firm has a market capitalization of $173.10 million, a P/E ratio of -20.13 and a beta of 1.15. The company has a quick ratio of 0.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.05.

Exfo (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings data on Wednesday, July 8th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.08. Exfo had a negative net margin of 3.41% and a positive return on equity of 0.06%. On average, research analysts expect that Exfo will post -0.13 EPS for the current fiscal year.

An institutional investor recently raised its position in Exfo stock. Acadian Asset Management LLC raised its stake in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 409.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,200 shares of the communications equipment provider’s stock after buying an additional 9,000 shares during the period. Acadian Asset Management LLC’s holdings in Exfo were worth $28,000 as of its most recent SEC filing. 11.15% of the stock is owned by institutional investors and hedge funds.

Exfo Company Profile

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.

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Analyst Recommendations for Exfo (NASDAQ:EXFO)

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