Brokerages Set Enerflex Ltd. (NYSE:EFXT) Target Price at $14.63

Enerflex Ltd. (NYSE:EFXT) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.6250.

EFXT has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, January 21st. Raymond James Financial downgraded Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Wall Street Zen lowered Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada restated an “outperform” rating and set a $20.00 price objective on shares of Enerflex in a research report on Thursday, January 15th. Finally, Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st.

Hedge Funds Weigh In On Enerflex

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its position in Enerflex by 351.0% in the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after buying an additional 880,358 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Enerflex by 984.3% during the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after acquiring an additional 20,689 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Enerflex by 51.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after acquiring an additional 752,893 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Enerflex in the 2nd quarter worth about $1,431,000. Finally, Allianz Asset Management GmbH bought a new position in Enerflex in the second quarter valued at about $1,718,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Trading Up 2.6%

Shares of Enerflex stock opened at $18.29 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. Enerflex has a 12-month low of $6.18 and a 12-month high of $19.65. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 16.63 and a beta of 1.95. The firm’s 50-day moving average price is $15.97 and its two-hundred day moving average price is $12.78.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.