Enerflex (TSE:EFX) Downgraded by TD Securities to “Hold”

TD Securities cut shares of Enerflex (TSE:EFX) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks reports.

Several other research firms have also issued reports on EFX. RBC Dominion Securities increased their target price on shares of Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 14th. Royal Bank Of Canada dropped their target price on Enerflex from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. National Bank Financial lifted their price target on Enerflex from C$42.50 to C$45.00 and gave the company an “outperform” rating in a research note on Monday, October 26th. ATB Cormark Capital Markets upped their price target on Enerflex from C$52.00 to C$56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. Finally, Acumen Capital upped their price target on Enerflex from C$42.00 to C$48.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Enerflex presently has a consensus rating of “Buy” and an average target price of C$41.03.

Enerflex Stock Performance

EFX opened at C$26.44 on Wednesday. The company has a debt-to-equity ratio of 49.79, a current ratio of 1.23 and a quick ratio of 1.20. The firm has a fifty day moving average price of C$32.48 and a 200 day moving average price of C$31.48. Enerflex has a 1 year low of C$17.62 and a 1 year high of C$39.95. The stock has a market cap of C$3.23 billion, a P/E ratio of 44.81 and a beta of 1.37.

Enerflex (TSE:EFX) last released its quarterly earnings results on Thursday, October 29th. The company reported C$0.64 EPS for the quarter. Enerflex had a net margin of 3.23% and a return on equity of 6.01%. The company had revenue of C$886.92 million for the quarter. Equities research analysts anticipate that Enerflex will post 0.73 earnings per share for the current year.

Enerflex Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 25th will be issued a $0.0350 dividend. This represents a $0.14 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, November 12th. This is a drop from Enerflex’s previous quarterly dividend of $0.0450. Enerflex’s payout ratio is presently 20.72%.

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.