Shares of Exfo Inc (NASDAQ:EXFO) have been given an average rating of “Hold” by the eight research firms that are covering the firm, MarketBeat.Com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $3.73.

Shares of Exfo (NASDAQ:EXFO) opened at 3.04 on Wednesday. The firm’s 50-day moving average is $2.84 and its 200-day moving average is $2.98. Exfo has a 12 month low of $2.12 and a 12 month high of $4.06. The company has a market cap of $163.83 million and a PE ratio of 30.40.

Exfo (NASDAQ:EXFO) last posted its earnings results on Wednesday, January 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $5.20 million for the quarter. On average, equities research analysts predict that Exfo will post $0.22 earnings per share for the current year.

Several analysts have issued reports on EXFO shares. Zacks Investment Research upgraded shares of Exfo from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Thursday, October 8th. RBC Capital lowered their target price on shares of Exfo from $4.50 to $4.25 and set a “sector perform” rating on the stock in a research note on Monday, October 5th. cut shares of Exfo from a “sector perform” rating to a “sell” rating and set a $3.00 target price on the stock. in a research note on Thursday, October 8th. Canaccord Genuity reiterated a “hold” rating and issued a $3.25 target price (down from $3.50) on shares of Exfo in a research note on Thursday, October 8th. Finally, BMO Capital Markets lowered their target price on shares of Exfo to $3.50 and set a “market perform” rating on the stock in a research note on Thursday, October 8th.

EXFO Inc. is a provider of test and service assurance solutions for network operators and equipment manufacturers in the global telecommunications industry. The Company offers core-to-edge solutions that assess the performance and reliability of converged, Internet Protocol (NASDAQ:EXFO) fixed and mobile networks. The Company’s test and service assurance solutions specifically target high-growth market opportunities related to increasing bandwidth and improving quality of experience on next-generation networks: 3G, 4G/LTE (long-term evolution), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments. The Company offers products for network operators, for network equipment manufacturers and for life sciences and industrial customers.

12 Month Chart for NASDAQ:EXFO

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