Enerflex (TSE:EFX) Price Target Raised to C$56.00

by · The Cerbat Gem

Enerflex (TSE:EFX – Free Report) had its target price lifted by ATB Cormark Capital Markets from C$52.00 to C$56.00 in a research report released on Wednesday morning,BayStreet reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently commented on EFX. 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 research report on Friday, October 2nd. RBC Dominion Securities raised their price objective on Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday. National Bank Financial set a C$42.50 price objective on Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. Raymond James Financial boosted their price objective on Enerflex from C$49.00 to C$53.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Canadian Imperial Bank of Commerce upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enerflex presently has an average rating of “Buy” and a consensus target price of C$38.23.

Read Our Latest Research Report on EFX

Enerflex Trading Up 1.3%

TSE:EFX opened at C$35.23 on Wednesday. The company has a debt-to-equity ratio of 51.03, a current ratio of 1.19 and a quick ratio of 1.20. The firm has a market capitalization of C$4.30 billion, a price-to-earnings ratio of 80.07 and a beta of 1.87. Enerflex has a one year low of C$14.86 and a one year high of C$39.95. The business has a fifty day moving average price of C$31.53 and a 200-day moving average price of C$32.88.

Enerflex (TSE:EFX – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.36 EPS for the quarter. The company had revenue of C$826.90 million for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. Sell-side analysts forecast that Enerflex will post 0.73 EPS for the current year.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were given 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 payout ratio is 27.03%.

Enerflex Company Profile

(Get Free Report)

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.

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