Enerflex (NYSE:EFXT) Stock Gets Price Target Trim from Royal Bank Of Canada

Enerflex (NYSE:EFXT) had its price target cut by equities researchers at Royal Bank Of Canada from $35.00 to $33.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price would suggest a potential upside of 40.89% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Zacks Research lowered shares of Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Acumen Capital raised shares of Enerflex to a “strong-buy” rating in a report on Friday, October 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday, October 16th. Wall Street Zen downgraded Enerflex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Enerflex Price Performance

NYSE EFXT traded down $0.88 on Friday, reaching $23.42. 184,780 shares of the stock traded hands, compared to its average volume of 596,241. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 54.49 and a beta of 1.80. Enerflex has a 12 month low of $12.46 and a 12 month high of $29.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49. The firm’s fifty day simple moving average is $22.95 and its 200 day simple moving average is $22.50.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. The business had revenue of $623.00 million for the quarter, compared to analyst estimates of $632.70 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. As a group, research analysts predict that Enerflex will post 1.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Enerflex

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Enerflex during the 2nd quarter worth $30,000. Integrated Wealth Concepts LLC purchased a new position in Enerflex during the second quarter worth about $79,000. Deutsche Bank AG bought a new stake in shares of Enerflex during the 2nd quarter worth $158,000. Wellington Altus USA Inc. bought a new stake in shares of Enerflex in the 2nd quarter worth approximately $185,000. Finally, Independent Financial Group LLC bought a new stake in Enerflex in the 1st quarter valued at about $221,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.