Enerflex (TSE:EFX) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Enerflex (TSE:EFX) from a hold rating to an outperform rating in a research report released on Thursday, Marketbeat reports. National Bank Financial currently has C$42.50 price target on the stock, up from their prior price target of C$31.50.

EFX has been the topic of a number of other reports. TD Securities boosted their target price on shares of Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, February 27th. BMO Capital Markets boosted their target price on shares of Enerflex from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Finally, Raymond James Financial boosted their target price on shares of Enerflex from C$34.00 to C$40.00 in a report on Monday, March 30th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Enerflex currently has a consensus rating of “Moderate Buy” and an average target price of C$35.16.

Enerflex Price Performance

TSE EFX opened at C$37.12 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 54.47. Enerflex has a 12-month low of C$9.32 and a 12-month high of C$39.95. The company has a market capitalization of C$4.52 billion, a PE ratio of 71.38 and a beta of 2.28. The firm’s 50 day moving average is C$30.94 and its 200-day moving average is C$24.62.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.28 earnings per share (EPS) for the quarter. The company had revenue of C$821.97 million for the quarter. Enerflex had a net margin of 3.31% and a return on equity of 7.72%. Equities research analysts anticipate that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, May 20th. Enerflex’s payout ratio is presently 21.37%.

More Enerflex News

Here are the key news stories impacting Enerflex this week:

• Positive Sentiment: National Bank Financial upgraded Enerflex from hold to strong-buy and raised its price target to C$42.50, signaling confidence in further upside. National Bank Financial upgrade
• Positive Sentiment: ATB Cormark Capital Markets lifted its price target to C$46.00 from C$42.00 and reiterated an outperform rating, implying meaningful upside from current levels. ATB Cormark price target increase
• Positive Sentiment: Raymond James Financial raised its target to C$45.00 from C$40.00 and maintained an outperform rating, adding to the bullish analyst momentum. Raymond James price target increase
• Positive Sentiment: BMO Capital Markets increased its price target to C$45.00 from C$39.00, also reinforcing a positive outlook on the stock. BMO price target increase
• Neutral Sentiment: Enerflex declared a quarterly dividend of C$0.0425 per share, a modest payout that may support investor sentiment but is unlikely to drive the stock on its own. Dividend announcement
• Negative Sentiment: RBC raised its target to C$31.00 from C$26.00 but that is still below the current share price, which may be viewed as a cautionary signal on valuation. RBC target increase

About Enerflex

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.