BMO Capital Markets Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its price objective raised by analysts at BMO Capital Markets from C$27.00 to C$35.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 10.69% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. TD Securities boosted their price target on shares of Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. National Bank Financial lifted their price target on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Canadian Imperial Bank of Commerce raised their target price on Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research note on Friday, November 7th. ATB Cormark Capital Markets set a C$26.00 target price on shares of Enerflex and gave the stock an “outperform” rating in a report on Friday, December 19th. Finally, Raymond James Financial lowered Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 target price on the stock. in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$22.97.

Enerflex Stock Performance

Shares of Enerflex stock traded up C$4.56 on Thursday, reaching C$31.62. 858,986 shares of the company were exchanged, compared to its average volume of 590,580. Enerflex has a 1-year low of C$8.74 and a 1-year high of C$32.03. The firm has a market cap of C$3.85 billion, a price-to-earnings ratio of 28.75 and a beta of 2.41. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company’s 50-day moving average is C$23.26 and its two-hundred day moving average is C$18.89.

Enerflex (TSE:EFX) last released its quarterly earnings data on Wednesday, February 25th. The company reported C$0.28 earnings per share for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. The business had revenue of C$821.97 million for the quarter. As a group, research analysts expect that Enerflex will post 0.734413 earnings per share for the current fiscal year.

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.