TD Securities Boosts EXFO (NASDAQ:EXFO) Price Target to $7.25

EXFO (NASDAQ:EXFO) (TSE:EXF) had its price target raised by TD Securities from $4.00 to $7.25 in a research note issued on Wednesday, Analyst Ratings Network reports. The brokerage currently has a “tender” rating on the communications equipment provider’s stock. TD Securities’ target price indicates a potential upside of 22.05% from the company’s previous close.

Other equities analysts have also issued research reports about the company. National Bankshares lowered EXFO from a “sector perform” rating to a “tender” rating and increased their target price for the stock from $4.50 to $6.00 in a research note on Tuesday. National Bank Financial upped their price target on EXFO to $7.25 and gave the stock a “tender” rating in a report on Tuesday. Northland Securities upped their price target on EXFO from $6.00 to $7.25 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Investment Research downgraded EXFO from a “hold” rating to a “sell” rating in a report on Tuesday, May 18th. Finally, Canaccord Genuity restated a “hold” rating and set a $4.00 price target on shares of EXFO in a report on Thursday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $5.79.

Shares of EXFO opened at $5.94 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.47 and a quick ratio of 1.02. EXFO has a one year low of $2.55 and a one year high of $6.15. The stock has a market capitalization of $341.23 million, a PE ratio of 594.59 and a beta of 1.33. The stock’s 50 day moving average price is $3.97.

EXFO (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings data on Tuesday, April 6th. The communications equipment provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). EXFO had a return on equity of 2.59% and a net margin of 0.24%. The company had revenue of $69.25 million for the quarter, compared to analyst estimates of $70.95 million. Sell-side analysts predict that EXFO will post 0.28 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXFO. Hillsdale Investment Management Inc. purchased a new position in shares of EXFO in the 1st quarter valued at about $3,996,000. Brandes Investment Partners LP purchased a new position in shares of EXFO in the 4th quarter valued at about $613,000. Worth Venture Partners LLC purchased a new position in shares of EXFO in the 1st quarter valued at about $527,000. White Pine Capital LLC increased its holdings in shares of EXFO by 21.9% in the 1st quarter. White Pine Capital LLC now owns 502,678 shares of the communications equipment provider’s stock valued at $2,141,000 after acquiring an additional 90,180 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of EXFO by 2.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,028,373 shares of the communications equipment provider’s stock valued at $3,507,000 after acquiring an additional 21,000 shares during the last quarter. Institutional investors and hedge funds own 12.22% of the company’s stock.

EXFO Company Profile

EXFO Inc provides test, monitoring, and analytics solutions for fixed and mobile network operators, web-scale companies, and optical component and network equipment manufacturers in the communications industry. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, light sources, live fiber detection, network protocol testing, optical fiber multimeter, optical loss testing, OTDR and iOLM, power meters, spectral testing, test function virtualization, test reporting and automation, and variable attenuators products, as well as modular test platforms.

Featured Article: The primary rules of Elliott Wave theory

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