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.
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.
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.
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.