Enerflex (TSE:EFX) Stock Gets Price Target Trim from Royal Bank Of Canada

Enerflex (TSE:EFX) had its target price trimmed by Royal Bank Of Canada from C$35.00 to C$33.00 in a research report released on Friday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. ATB Cormark Capital Markets upped their target price on shares of Enerflex from C$52.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 14th. Raymond James Financial lifted their target price on Enerflex from C$49.00 to C$53.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. Acumen Capital lifted their price target on shares of Enerflex from C$42.00 to C$48.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. RBC Dominion Securities increased their price objective on shares of Enerflex from C$33.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. Finally, National Bank Financial upped their price objective on Enerflex from C$42.50 to C$45.00 and gave the company an “outperform” rating in a research note on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$41.03.

Enerflex Stock Performance

EFX opened at C$33.05 on Friday. The company has a 50 day simple moving average of C$32.31 and a two-hundred day simple moving average of C$31.34. The firm has a market cap of C$4.04 billion, a P/E ratio of 75.11 and a beta of 1.87. Enerflex has a 1-year low of C$17.53 and a 1-year high of C$39.95. The company has a debt-to-equity ratio of 49.79, a current ratio of 1.23 and a quick ratio of 1.20.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Thursday, October 29th. The company reported C$0.64 earnings per share (EPS) for the quarter. Enerflex had a net margin of 3.23% and a return on equity of 6.01%. The business had revenue of C$886.92 million for the quarter. Equities analysts forecast that Enerflex will post 0.73 earnings per share for the current fiscal year.

Enerflex Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 25th will be given a $0.0350 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.4%. This is a negative change from Enerflex’s previous quarterly dividend of $0.0450. The ex-dividend date is Thursday, November 12th. Enerflex’s payout ratio is currently 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.