Enerflex Ltd (EFX) Earns “Buy” Rating from TD Securities
TD Securities reaffirmed their buy rating on shares of Enerflex Ltd (TSE:EFX) in a research note issued to investors on Monday morning. TD Securities currently has a C$24.00 target price on the stock.
Several other equities analysts also recently weighed in on the stock. CIBC reduced their target price on shares of Enerflex from C$25.00 to C$24.00 in a research note on Thursday, July 20th. BMO Capital Markets reduced their price objective on shares of Enerflex from C$23.00 to C$21.00 in a research note on Monday, August 14th. Finally, National Bank Financial reduced their price objective on shares of Enerflex from C$22.00 to C$18.50 and set an outperform rating for the company in a research note on Friday, November 10th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of C$23.25.
Enerflex (EFX) opened at C$15.72 on Monday. Enerflex has a 12 month low of C$14.99 and a 12 month high of C$20.57.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, November 24th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.38 annualized dividend and a yield of 2.42%. This is a boost from Enerflex’s previous quarterly dividend of $0.09. Enerflex’s payout ratio is currently 121.43%.
In other news, Director Kevin Jerome Reinhart acquired 2,000 shares of Enerflex stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average price of C$15.65 per share, with a total value of C$31,300.00.
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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