Enerflex (TSE:EFX) Price Target Raised to C$45.00

Enerflex (TSE:EFX) had its price target raised by National Bank Financial from C$42.50 to C$45.00 in a report published on Monday,BayStreet reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. RBC Dominion Securities boosted their target price on Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 14th. Raymond James Financial raised their price target on Enerflex from C$49.00 to C$53.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. Canadian Imperial Bank of Commerce raised Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Acumen Capital lifted their price objective on Enerflex from C$42.00 to C$48.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Finally, ATB Cormark Capital Markets upped their price objective on Enerflex from C$52.00 to C$56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$40.81.

Enerflex Stock Up 3.8%

Shares of EFX stock opened at C$34.98 on Monday. The stock has a market cap of C$4.26 billion, a P/E ratio of 79.50 and a beta of 1.87. Enerflex has a 52 week low of C$17.46 and a 52 week high of C$39.95. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 51.03. The company’s fifty day simple moving average is C$32.09 and its two-hundred day simple moving average is C$31.21.

Enerflex (TSE:EFX) last issued its quarterly earnings data 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 firm had revenue of C$826.90 million during the quarter. Analysts predict that Enerflex will post 0.73 EPS for the current fiscal year.

Enerflex Increases Dividend

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

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.