Enerflex (TSE:EFX) Given New C$24.00 Price Target at Raymond James Financial

Enerflex (TSE:EFX) had its price objective increased by Raymond James Financial from C$20.00 to C$24.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 27.59% from the stock’s previous close.

A number of other research firms also recently commented on EFX. ATB Capital boosted their price objective on Enerflex from C$19.00 to C$19.50 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. BMO Capital Markets raised their price objective on Enerflex from C$18.00 to C$20.00 in a research report on Friday, October 10th. Desjardins increased their target price on shares of Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. TD Securities increased their price objective on Enerflex from C$17.00 to C$19.00 in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada raised their price objective on Enerflex from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$19.86.

Enerflex Stock Performance

TSE EFX traded down C$0.08 during trading hours on Friday, reaching C$18.81. The company’s stock had a trading volume of 638,623 shares, compared to its average volume of 481,200. Enerflex has a 52 week low of C$8.74 and a 52 week high of C$19.40. The stock has a market cap of C$2.30 billion, a PE ratio of 18.09 and a beta of 2.28. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. The business has a 50-day simple moving average of C$15.61 and a 200 day simple moving average of C$12.47.

Enerflex Company Profile

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.