Enerflex Ltd (EFX) Given Average Recommendation of “Buy” by Brokerages
Enerflex Ltd (TSE:EFX) has been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$23.06.
EFX has been the subject of a number of recent research reports. BMO Capital Markets decreased their target price on Enerflex from C$23.00 to C$21.00 in a report on Monday, August 14th. CIBC decreased their target price on Enerflex from C$25.00 to C$24.00 in a report on Thursday, July 20th. Raymond James Financial, Inc. lifted their target price on Enerflex from C$21.50 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, June 21st. Finally, Industrial Alliance Securities lifted their target price on Enerflex from C$23.00 to C$23.50 and gave the company a “strong-buy” rating in a report on Wednesday, June 21st.
In other Enerflex news, Director Kevin Jerome Reinhart purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of C$15.65 per share, with a total value of C$31,300.00.
Shares of Enerflex (EFX) traded down 2.33% during midday trading on Wednesday, hitting $17.60. The company had a trading volume of 125,613 shares. Enerflex has a 12 month low of $13.65 and a 12 month high of $20.57. The firm has a market capitalization of $1.56 billion and a PE ratio of 86.27. The company has a 50-day moving average of $17.29 and a 200 day moving average of $17.93.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Thursday, August 24th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.93%. This is an increase from Enerflex’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, August 22nd.
Enerflex Company Profile
Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World.
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