TD Securities Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its target price boosted by TD Securities from C$28.00 to C$39.00 in a report issued on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets upped their price objective on shares of Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James Financial cut Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price target on the stock. in a research note on Wednesday, February 4th. National Bank Financial increased their price target on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. ATB Cormark Capital Markets set a C$26.00 price objective on Enerflex and gave the company an “outperform” rating in a research note on Friday, December 19th. Finally, Royal Bank Of Canada upped their target price on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$24.97.

Enerflex Stock Down 3.9%

TSE EFX traded down C$1.23 on Friday, reaching C$30.61. The company had a trading volume of 2,295,324 shares, compared to its average volume of 643,299. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. Enerflex has a 1 year low of C$8.74 and a 1 year high of C$32.13. The firm has a 50-day moving average of C$23.68 and a 200-day moving average of C$19.10. The firm has a market capitalization of C$3.73 billion, a PE ratio of 27.83 and a beta of 2.41.

Enerflex (TSE:EFX) last posted its earnings results on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. The business had revenue of C$821.97 million for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. On average, equities research analysts anticipate that Enerflex will post 0.734413 EPS 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.