Royal Bank Of Canada Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its target price lifted by analysts at Royal Bank Of Canada from C$26.00 to C$31.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential downside of 17.33% from the stock’s previous close.

Other research analysts also recently issued reports about the company. National Bank Financial upgraded Enerflex from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from C$31.50 to C$42.50 in a research note on Thursday. Raymond James Financial increased their price objective on shares of Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets increased their price objective on shares of Enerflex from C$39.00 to C$45.00 in a report on Friday. Finally, TD Securities increased their price objective on shares of Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$35.16.

Enerflex Price Performance

EFX stock traded down C$1.24 during midday trading on Friday, hitting C$37.50. The company’s stock had a trading volume of 414,225 shares, compared to its average volume of 736,601. Enerflex has a 12 month low of C$9.32 and a 12 month high of C$39.95. The company has a quick ratio of 1.20, a current ratio of 1.13 and a debt-to-equity ratio of 64.41. The firm has a market capitalization of C$4.57 billion, a price-to-earnings ratio of 72.12 and a beta of 2.28. The company has a 50 day moving average of C$30.94 and a two-hundred day moving average of C$24.62.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.28 earnings per share for the quarter. Enerflex had a return on equity of 5.32% and a net margin of 2.49%.The business had revenue of C$821.97 million during the quarter. On average, analysts expect that Enerflex will post 0.734413 EPS 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.