Enerflex Ltd. (TSE:EFX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Enerflex Ltd. (TSE:EFX) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$22.97.

A number of equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce boosted their price target on Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a report on Friday, November 7th. Raymond James Financial lowered shares of Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 target price for the company. in a research note on Wednesday, February 4th. TD Securities raised their price target on shares of Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. ATB Cormark Capital Markets set a C$26.00 price objective on shares of Enerflex and gave the company an “outperform” rating in a research report on Friday, December 19th. Finally, National Bank Financial increased their price objective on shares of Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th.

Enerflex Price Performance

EFX opened at C$31.84 on Friday. The company has a market capitalization of C$3.88 billion, a P/E ratio of 28.95 and a beta of 2.41. The company has a 50-day moving average of C$23.48 and a 200-day moving average of C$18.98. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. Enerflex has a 1-year low of C$8.74 and a 1-year high of C$32.13.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%.The business had revenue of C$821.97 million during the quarter. Equities analysts expect that Enerflex will post 0.734413 EPS for the current fiscal year.

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.