Enerflex (TSE:EFX) Price Target Raised to C$48.00

Enerflex (TSE:EFX) had its target price raised by analysts at Raymond James Financial from C$47.00 to C$48.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 70.58% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. National Bank Financial set a C$42.50 price objective on shares of Enerflex and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Royal Bank Of Canada boosted their target price on shares of Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a report on Friday, May 8th. ATB Cormark Capital Markets upped their price target on shares of Enerflex from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Finally, BMO Capital Markets increased their price target on Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Enerflex has a consensus rating of “Moderate Buy” and a consensus target price of C$35.66.

Enerflex Trading Down 3.0%

Shares of Enerflex stock traded down C$0.86 during midday trading on Friday, reaching C$28.14. The company had a trading volume of 692,774 shares, compared to its average volume of 702,094. The stock has a fifty day moving average price of C$33.51 and a 200 day moving average price of C$31.32. Enerflex has a fifty-two week low of C$12.12 and a fifty-two week high of C$39.95. The firm has a market cap of C$3.43 billion, a PE ratio of 41.38 and a beta of 2.30. The company has a debt-to-equity ratio of 54.47, a current ratio of 1.20 and a quick ratio of 1.20.

Enerflex (TSE:EFX) last released 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 3.63% and a return on equity of 7.72%. The business had revenue of C$826.90 million during the quarter. On average, equities analysts anticipate that Enerflex will post 0.734413 earnings per share for the current 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.