Enerflex Ltd. (TSE:EFX) Stock Has Consensus Price Target of C$40.81 According to Brokerages

Enerflex Ltd. (TSE:EFX) has been assigned an average rating of “Buy” from the nine research firms that are covering the company, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$40.81.

A number of brokerages recently issued reports on EFX. Canadian Imperial Bank of Commerce upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. ATB Cormark Capital Markets lifted their price target on shares of Enerflex from C$52.00 to C$56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 14th. National Bank Financial boosted their price target on shares of Enerflex from C$42.50 to C$45.00 and gave the company an “outperform” rating in a research note on Monday. RBC Dominion Securities upped their price objective on shares of Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. Finally, Acumen Capital raised their price objective on shares of Enerflex from C$42.00 to C$48.00 and gave the company a “buy” rating in a research note on Friday, October 2nd.

Enerflex Stock Down 3.1%

EFX stock opened at C$33.90 on Friday. The stock’s 50 day simple moving average is C$32.20 and its 200 day simple moving average is C$31.28. Enerflex has a fifty-two week low of C$17.49 and a fifty-two week high of C$39.95. The company has a debt-to-equity ratio of 51.03, a quick ratio of 1.20 and a current ratio of 1.19. The company has a market cap of C$4.13 billion, a P/E ratio of 77.05 and a beta of 1.87.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Thursday, October 29th. The company reported C$0.64 EPS for the quarter. The firm had revenue of C$886.92 million during the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. On average, research analysts expect that Enerflex will post 0.73 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.0450 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This is a boost from Enerflex’s previous quarterly dividend of $0.0425. This represents a $0.18 annualized dividend and a dividend yield of 0.5%. Enerflex’s payout ratio is presently 27.03%.

About Enerflex

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.