Brokerages Set Enerflex Ltd. (TSE:EFX) Price Target at C$35.66

Shares of Enerflex Ltd. (TSE:EFX) have earned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$35.66.

EFX has been the topic of a number of recent analyst reports. ATB Cormark Capital Markets increased their target price on Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Royal Bank Of Canada lifted their price target on shares of Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. National Bank Financial set a C$42.50 target price on Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. BMO Capital Markets raised their price target on Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. Finally, Raymond James Financial raised their target price on shares of Enerflex from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research report on Friday, August 7th.

Enerflex Stock Performance

TSE:EFX opened at C$28.00 on Friday. The firm has a market capitalization of C$3.42 billion, a PE ratio of 63.64 and a beta of 2.30. The stock’s fifty day moving average is C$32.31 and its 200 day moving average is C$31.72. Enerflex has a fifty-two week low of C$13.34 and a fifty-two week high of C$39.95. The company has a debt-to-equity ratio of 51.03, a quick ratio of 1.20 and a current ratio of 1.19.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$826.90 million for the quarter. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. On average, sell-side analysts anticipate that Enerflex will post 0.734413 earnings per share for the current year.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd will be paid a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 0.6%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, August 19th. Enerflex’s payout ratio is presently 27.03%.

Enerflex Company Profile

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.