Enerflex (TSE:EFX) Stock Price Target Raised at Raymond James Financial

Enerflex (TSE:EFX) had its price target raised by analysts at Raymond James Financial from C$49.00 to C$53.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 42.36% from the company’s current price.

A number of other brokerages have also commented on EFX. National Bank Financial set a C$42.50 price objective on Enerflex and gave the stock an “outperform” rating in a report on Thursday, June 18th. ATB Cormark Capital Markets lifted their target price on Enerflex from C$47.00 to C$52.00 and gave the company an “outperform” rating in a research report on Friday, October 2nd. Acumen Capital lifted their target price on Enerflex from C$42.00 to C$48.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Canadian Imperial Bank of Commerce upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, RBC Dominion Securities increased their price target on Enerflex from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Enerflex has an average rating of “Buy” and a consensus price target of C$38.23.

Enerflex Stock Down 4.8%

Shares of TSE EFX traded down C$1.88 during mid-day trading on Wednesday, reaching C$37.23. 639,197 shares of the company’s stock traded hands, compared to its average volume of 733,432. The stock has a market cap of C$4.55 billion, a P/E ratio of 84.61 and a beta of 1.87. The business has a 50-day simple moving average of C$31.15 and a 200 day simple moving average of C$32.78. Enerflex has a 1-year low of C$14.86 and a 1-year high of C$39.95. The company has a debt-to-equity ratio of 51.03, a current ratio of 1.19 and a quick ratio of 1.20.

Enerflex (TSE:EFX) last posted its earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. The company had revenue of C$826.90 million for the quarter. On average, analysts expect that Enerflex will post 0.73 EPS for the current fiscal year.

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.