Exfo (EXFO) PT Lowered to $3.75

Exfo (NASDAQ:EXFO) (TSE:EXF) had its target price reduced by Royal Bank of Canada from $4.50 to $3.75 in a research report report published on Monday morning. Royal Bank of Canada currently has a sector perform rating on the communications equipment provider’s stock.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Exfo from a buy rating to a hold rating in a report on Tuesday, September 11th. TD Securities lowered their target price on shares of Exfo from $5.00 to $4.50 and set a hold rating for the company in a report on Sunday, October 14th. TheStreet lowered shares of Exfo from a b- rating to a c+ rating in a report on Tuesday, June 19th. GMP Securities lowered shares of Exfo from a buy rating to a hold rating in a report on Friday, October 12th. Finally, ValuEngine upgraded shares of Exfo from a hold rating to a buy rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $4.05.

EXFO stock opened at $2.98 on Monday. Exfo has a 52-week low of $2.93 and a 52-week high of $4.70. The company has a market cap of $174.71 million, a PE ratio of 33.11 and a beta of 0.54. The company has a quick ratio of 0.93, a current ratio of 1.38 and a debt-to-equity ratio of 0.03.

A hedge fund recently raised its stake in Exfo stock. Fiera Capital Corp lifted its position in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 541,800 shares of the communications equipment provider’s stock after acquiring an additional 16,800 shares during the period. Fiera Capital Corp owned approximately 0.98% of Exfo worth $1,863,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 11.21% of the company’s stock.

About Exfo

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Webscale companies. It offers lab and manufacturing testing systems, including lab platforms; network simulation and load testing tools to meet the mobile telecom and VOIP/IMS network test challenges; transport and datacom solutions, such as Ethernet testing, fiber channel testing, DSn/PDH and SONET/SDH testing, synchronization testing, and SONET/SDH, OTN, and multiservice testing solutions; and optical products comprising power meters, light sources and amplifiers, variable attenuators, switch and utility modules, polarization analysis, optical communication analyzers, spectral testing products, bit-error-rate testing products, optical benchtop kits, osics multifunction platform, optical component testers, and tunable filters.

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