Enerflex (EFX) Price Target Raised to C$23.00 at CIBC

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Enerflex (TSE:EFX) had its price target upped by CIBC from C$21.00 to C$23.00 in a research report released on Friday.

EFX has been the subject of several other reports. National Bank Financial lifted their target price on Enerflex from C$18.50 to C$20.50 and gave the stock an outperform rating in a research report on Friday. TD Securities downgraded Enerflex from an action list buy rating to a buy rating and lifted their target price for the stock from C$21.00 to C$22.00 in a research report on Wednesday, September 5th. Finally, Raymond James lifted their target price on Enerflex from C$21.25 to C$22.00 and gave the stock an outperform rating in a research report on Friday, August 10th. Six analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus target price of C$22.08.

TSE EFX traded up C$1.69 on Friday, hitting C$18.39. 605,300 shares of the stock were exchanged, compared to its average volume of 213,049. The company has a quick ratio of 1.75, a current ratio of 2.11 and a debt-to-equity ratio of 40.73. Enerflex has a 52-week low of C$13.55 and a 52-week high of C$18.46.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Thursday, August 9th. The company reported C$0.23 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.02). The business had revenue of C$404.85 million for the quarter, compared to the consensus estimate of C$391.85 million. Equities analysts anticipate that Enerflex will post 1.27999990189222 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Thursday, January 10th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 2.28%. This is an increase from Enerflex’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, November 20th. Enerflex’s dividend payout ratio (DPR) is 39.45%.

In related news, insider Gregory Dean Stewart sold 35,000 shares of Enerflex stock in a transaction dated Friday, September 28th. The stock was sold at an average price of C$16.62, for a total value of C$581,700.00. Also, Director Anna Paravi sold 5,000 shares of Enerflex stock in a transaction dated Monday, August 20th. The shares were sold at an average price of C$16.00, for a total value of C$80,000.00. Over the last quarter, insiders have sold 70,000 shares of company stock valued at $1,149,800.

About Enerflex

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power equipment in Canada, the United States, and internationally. The company offers engineered systems, including engineering, design, fabrication, and assembly of standard and custom-designed compression, electric power, and processing solutions.

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Analyst Recommendations for Enerflex (TSE:EFX)

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