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

Enerflex (TSE:EFX) had its price target increased by analysts at ATB Cormark Capital Markets from C$47.00 to C$52.00 in a note issued to investors on Friday, BayStreet reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 49.04% from the company’s previous close.

EFX has been the topic of a number of other reports. Raymond James Financial lifted their price target on Enerflex from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday. National Bank Financial set a C$42.50 price target on shares of Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.69.

Enerflex Stock Performance

Shares of EFX traded down C$1.34 during trading hours on Friday, hitting C$34.89. The stock had a trading volume of 329,770 shares, compared to its average volume of 734,588. The firm has a 50-day moving average price of C$30.51 and a 200 day moving average price of C$32.45. Enerflex has a fifty-two week low of C$14.86 and a fifty-two week high of C$39.95. The firm has a market capitalization of C$4.26 billion, a price-to-earnings ratio of 79.30 and a beta of 2.04. 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 released its quarterly earnings data on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$826.90 million during the quarter. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. As a group, research analysts anticipate that Enerflex will post 0.734413 EPS for the current year.

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.