Trade Report: Today, Exfo Inc. (EXFO) Stock Rating Reaffirmed by RBC Capital Markets

Today, Exfo Inc. (EXFO) Stock Rating Reaffirmed by RBC Capital Markets

RBC Capital Markets reiterated their sector perform rating on shares of Exfo Inc. (NASDAQ:EXFO) in a research note released on Wednesday. They currently have a $4.25 price target on the stock.

EXFO has been the topic of several other reports. Zacks Investment Research downgraded Exfo from a hold rating to a sell rating in a research note on Wednesday, July 27th. Canaccord Genuity reiterated a hold rating on shares of Exfo in a research note on Thursday, June 30th. Finally, Royal Bank Of Canada reiterated a sector perform rating and set a $5.50 target price on shares of Exfo in a research note on Thursday, June 30th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Exfo presently has an average rating of Hold and an average target price of $4.00.

Exfo (NASDAQ:EXFO) opened at 4.15 on Wednesday. The stock has a market capitalization of $223.67 million, a PE ratio of 25.78 and a beta of 0.71. The stock has a 50 day moving average price of $3.65 and a 200 day moving average price of $3.72. Exfo has a 12 month low of $2.35 and a 12 month high of $4.36.

Exfo (NASDAQ:EXFO) last issued its earnings results on Wednesday, October 12th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Exfo had a return on equity of 5.77% and a net margin of 3.83%. The business had revenue of $62.90 million for the quarter. On average, equities research analysts forecast that Exfo will post $0.19 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in EXFO. Hillsdale Investment Management Inc. boosted its position in shares of Exfo by 22.9% in the second quarter. Hillsdale Investment Management Inc. now owns 286,600 shares of the company’s stock worth $991,000 after buying an additional 53,400 shares in the last quarter. White Pine Capital LLC boosted its position in shares of Exfo by 65.2% in the second quarter. White Pine Capital LLC now owns 38,000 shares of the company’s stock worth $131,000 after buying an additional 15,000 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC bought a new position in shares of Exfo during the first quarter worth approximately $255,000. 14.73% of the stock is currently owned by institutional investors.

Exfo Company Profile

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