Enerflex (NYSE:EFXT) Given New $46.00 Price Target at Raymond James Financial

Enerflex (NYSE:EFXT) had its price target hoisted by equities researchers at Raymond James Financial from $45.00 to $46.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 81.83% from the stock’s current price.

Several other equities analysts have also recently weighed in on EFXT. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $28.00 price target on shares of Enerflex in a report on Friday, May 8th. Finally, Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Enerflex presently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Enerflex Stock Down 0.1%

NYSE EFXT traded down $0.02 during trading hours on Thursday, hitting $25.30. The company’s stock had a trading volume of 267,526 shares, compared to its average volume of 602,861. Enerflex has a 52 week low of $6.95 and a 52 week high of $29.15. The company has a market capitalization of $3.09 billion, a PE ratio of 37.77 and a beta of 1.93. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The company’s 50-day simple moving average is $24.07 and its two-hundred day simple moving average is $19.34.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. The business had revenue of $584.00 million for the quarter, compared to analysts’ expectations of $607.26 million. Research analysts anticipate that Enerflex will post 1.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Enerflex

A number of hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Enerflex by 0.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,735,102 shares of the company’s stock worth $61,841,000 after purchasing an additional 36,477 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Enerflex by 4.0% in the 4th quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock worth $76,327,000 after purchasing an additional 186,649 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of Enerflex by 435.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after purchasing an additional 3,824,093 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Enerflex by 51.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after purchasing an additional 752,893 shares during the period. Finally, TD Asset Management Inc raised its holdings in Enerflex by 31.8% during the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock valued at $33,215,000 after acquiring an additional 518,639 shares during the period. Institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.