Royal Bank Of Canada Reiterates “Hold” Rating for EXFO Inc (EXFO)

EXFO Inc (NASDAQ:EXFO) (TSE:EXF)‘s stock had its “hold” rating reissued by equities research analysts at Royal Bank Of Canada in a note issued to investors on Monday. They currently have a $5.25 price target on the communications equipment provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 31.25% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Northland Securities set a $6.00 target price on shares of EXFO and gave the company a “buy” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $6.00 target price on shares of EXFO and gave the company a “hold” rating in a research note on Saturday, July 1st. Canaccord Genuity reissued a “hold” rating and set a $4.75 price target on shares of EXFO in a research report on Sunday. TheStreet downgraded shares of EXFO from a “b” rating to a “c+” rating in a research report on Friday, July 7th. Finally, Zacks Investment Research downgraded shares of EXFO from a “hold” rating to a “strong sell” rating in a research report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.50.

EXFO (EXFO) opened at 4.00 on Monday. The stock has a 50 day moving average price of $4.07 and a 200-day moving average price of $4.49. The stock has a market cap of $218.83 million, a P/E ratio of 250.00 and a beta of 0.49. EXFO has a 52 week low of $3.72 and a 52 week high of $6.15.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.themarketsdaily.com/2017/10/18/royal-bank-of-canada-reiterates-hold-rating-for-exfo-inc-exfo.html.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its position in shares of EXFO by 11.8% during the first quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock valued at $7,997,000 after acquiring an additional 162,510 shares in the last quarter. TD Asset Management Inc. increased its position in shares of EXFO by 11.1% during the second quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock valued at $1,093,000 after acquiring an additional 23,500 shares in the last quarter. Finally, White Pine Capital LLC increased its position in shares of EXFO by 28.4% during the second quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock valued at $832,000 after acquiring an additional 39,175 shares in the last quarter. 16.99% of the stock is owned by institutional investors.

About EXFO

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.

Analyst Recommendations for EXFO (NASDAQ:EXFO)

Receive News & Ratings for EXFO Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EXFO Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply