Enerflex Ltd. (TSE:EFX) Stock Has Consensus Price Target of C$37.69

Enerflex Ltd. (TSE:EFX) has earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$37.69.

EFX has been the subject of several research reports. National Bank Financial set a C$42.50 price objective on Enerflex and gave the company an “outperform” rating in a report on Thursday, June 18th. Raymond James Financial raised their target price on Enerflex from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, October 2nd. Acumen Capital boosted their target price on Enerflex from C$42.00 to C$48.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Finally, ATB Cormark Capital Markets boosted their target price on Enerflex from C$47.00 to C$52.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd.

Enerflex Price Performance

Enerflex stock opened at C$34.26 on Monday. Enerflex has a twelve month low of C$14.86 and a twelve month high of C$39.95. The firm has a 50 day moving average price of C$30.93 and a 200-day moving average price of C$32.68. The company has a market capitalization of C$4.18 billion, a P/E ratio of 77.86 and a beta of 1.87. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 51.03.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share (EPS) 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, equities analysts predict that Enerflex will post 0.73 EPS for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were paid a dividend of $0.0450 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, August 19th. This is a positive change from Enerflex’s previous quarterly dividend of $0.0425. Enerflex’s dividend payout ratio is currently 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.