Enerflex (TSE:EFX) Price Target Raised to C$40.00 at Raymond James Financial

Enerflex (TSE:EFX) had its target price increased by equities research analysts at Raymond James Financial from C$34.00 to C$40.00 in a research report issued on Monday,BayStreet.CA reports. Raymond James Financial’s price objective points to a potential upside of 38.94% from the stock’s current price.

A number of other analysts have also issued reports on the stock. BMO Capital Markets increased their price target on shares of Enerflex from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. ATB Cormark Capital Markets set a C$26.00 price objective on shares of Enerflex and gave the company an “outperform” rating in a research report on Friday, December 19th. Finally, TD Securities increased their target price on shares of Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.72.

Enerflex Stock Down 3.6%

Shares of EFX stock traded down C$1.09 on Monday, reaching C$28.79. 255,932 shares of the company’s stock traded hands, compared to its average volume of 764,586. The company has a market capitalization of C$3.51 billion, a P/E ratio of 55.37 and a beta of 2.36. Enerflex has a 12-month low of C$8.74 and a 12-month high of C$32.64. The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13. The business’s 50 day moving average price is C$27.00 and its two-hundred day moving average price is C$21.43.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a return on equity of 4.22% and a net margin of 1.56%.The firm had revenue of C$821.97 million during the quarter. On average, equities analysts forecast that Enerflex will post 0.734413 earnings per share for the current year.

Enerflex Company Profile

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.