Enerflex (TSE:EFX) Price Target Raised to C$52.00

Enerflex (TSE:EFX) had its price objective upped by ATB Cormark Capital Markets from C$47.00 to C$52.00 in a research note released on Friday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on the company. Raymond James Financial boosted their price target on Enerflex from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research note on Friday. National Bank Financial set a C$42.50 price objective on shares of Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Enerflex has an average rating of “Moderate Buy” and an average target price of C$37.69.

Enerflex Price Performance

EFX opened at C$35.02 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03. Enerflex has a 1 year low of C$14.86 and a 1 year high of C$39.95. The stock has a fifty day moving average price of C$30.57 and a 200 day moving average price of C$32.50. The stock has a market cap of C$4.27 billion, a price-to-earnings ratio of 79.59 and a beta of 2.04.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%.The company had revenue of C$826.90 million during the quarter. Analysts forecast that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were paid a $0.0450 dividend. The ex-dividend date was Wednesday, August 19th. This is a positive change from Enerflex’s previous quarterly dividend of $0.0425. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.5%. Enerflex’s dividend payout ratio is presently 27.03%.

Trending Headlines about Enerflex

Here are the key news stories impacting Enerflex this week:

• Positive Sentiment: Enerflex’s shares received several bullish analyst revisions. Acumen Capital raised its target from C$42 to C$48 and assigned a “buy” rating; ATB Cormark lifted its target from C$47 to C$52 with an “outperform” rating; and Raymond James increased its target from C$48 to C$49, also maintaining an “outperform” rating. These targets imply substantial potential upside from recent trading levels. Tickerreport analyst coverage
• Positive Sentiment: The company announced a 450-megawatt data-center power deal, strengthening the investment case that Enerflex can benefit from surging electricity and natural-gas infrastructure demand tied to artificial-intelligence data centers. The contract has been identified as the main catalyst behind the recent increase in investor interest. Why Enerflex Is Up After Landing a 450-Megawatt Data Center Power Deal
• Neutral Sentiment: Enerflex completed the divestiture of its Asia Pacific operations. The sale could sharpen management’s focus on core markets and support capital allocation, although exiting the region may also reduce the company’s revenue base. Enerflex Completes Asia Pacific Divestiture
• Negative Sentiment: Valuation remains a concern. Coverage has questioned whether Enerflex is priced too richly relative to its earnings, particularly given its elevated reported price-to-earnings ratio and modest profitability. Is Enerflex Priced Too Richly for Its Earnings?
• Negative Sentiment: CIBC raised its price target to C$30, but that target remains below recent trading levels, signaling a more cautious view than the other brokers and potentially weighing on sentiment. Enerflex Price Target Raised to C$30 at CIBC

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.