Exfo Inc (NASDAQ:EXFO) (TSE:EXF) has been given an average rating of “Hold” by the ten research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $4.35.

A number of research analysts have commented on EXFO shares. TD Securities decreased their price target on Exfo from $5.00 to $4.50 and set a “hold” rating on the stock in a research note on Sunday, October 14th. GMP Securities cut Exfo from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Royal Bank of Canada decreased their price target on Exfo from $4.50 to $3.75 and set a “sector perform” rating on the stock in a research note on Monday, October 15th. National Bank Financial decreased their price target on Exfo from $4.25 to $3.75 and set a “sector perform” rating on the stock in a research note on Sunday, October 14th. Finally, Northland Securities set a $6.00 price target on Exfo and gave the stock a “buy” rating in a research note on Thursday, December 20th.

A hedge fund recently raised its stake in Exfo stock. RBF Capital LLC lifted its stake in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) by 64.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,070 shares of the communications equipment provider’s stock after acquiring an additional 14,499 shares during the quarter. RBF Capital LLC owned 0.07% of Exfo worth $141,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 9.54% of the company’s stock.

NASDAQ:EXFO traded up $0.22 during trading hours on Friday, reaching $3.48. 38,200 shares of the stock were exchanged, compared to its average volume of 19,138. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 0.03. Exfo has a twelve month low of $2.66 and a twelve month high of $4.70. The stock has a market capitalization of $178.40 million, a price-to-earnings ratio of 39.11 and a beta of 0.98.

Exfo (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings results on Thursday, October 11th. The communications equipment provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Exfo had a negative return on equity of 0.25% and a negative net margin of 8.01%. The firm had revenue of $69.22 million for the quarter, compared to analyst estimates of $71.77 million. On average, sell-side analysts expect that Exfo will post 0.2 EPS for the current fiscal year.

About Exfo

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.

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Analyst Recommendations for Exfo (NASDAQ:EXFO)

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