National Bankshares Raises EXFO (NASDAQ:EXFO) Price Target to $4.50


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EXFO (NASDAQ:EXFO) (TSE:EXF) had its price target increased by analysts at National Bankshares from $3.50 to $4.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the communications equipment provider’s stock. National Bankshares’ price objective points to a potential upside of 8.17% from the stock’s current price.

A number of other research analysts have also recently commented on EXFO. Canaccord Genuity reaffirmed a “hold” rating and set a $4.00 target price on shares of EXFO in a research note on Thursday. TheStreet raised EXFO from a “d+” rating to a “c-” rating in a research note on Tuesday, January 12th. Northland Securities reaffirmed a “buy” rating and set a $6.00 target price on shares of EXFO in a research note on Thursday. BMO Capital Markets upped their target price on EXFO from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Wednesday, January 13th. Finally, Zacks Investment Research cut EXFO from a “buy” rating to a “hold” rating in a research note on Tuesday, March 16th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $4.22.

NASDAQ EXFO traded down $0.23 during trading hours on Thursday, hitting $4.16. 607 shares of the company were exchanged, compared to its average volume of 64,191. The stock has a 50-day moving average price of $4.31 and a 200 day moving average price of $3.49. The company has a quick ratio of 0.97, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. EXFO has a 52 week low of $2.12 and a 52 week high of $4.69. The stock has a market cap of $238.48 million, a PE ratio of -37.82 and a beta of 1.37.

EXFO (NASDAQ:EXFO) (TSE:EXF) last issued its quarterly earnings data on Tuesday, April 6th. The communications equipment provider reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). EXFO had a negative return on equity of 1.55% and a negative net margin of 2.25%. As a group, sell-side analysts anticipate that EXFO will post 0.28 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Brandes Investment Partners LP bought a new position in EXFO in the fourth quarter worth approximately $613,000. Renaissance Technologies LLC grew its stake in EXFO by 2.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,028,373 shares of the communications equipment provider’s stock worth $3,507,000 after purchasing an additional 21,000 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in EXFO by 7.4% during the fourth quarter. JPMorgan Chase & Co. now owns 36,153 shares of the communications equipment provider’s stock worth $123,000 after buying an additional 2,501 shares during the period. Finally, Wells Fargo & Company MN purchased a new stake in EXFO during the fourth quarter worth $34,000. 10.87% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for EXFO (NASDAQ:EXFO)

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