Enerflex (TSE:EFX) Given New C$35.00 Price Target at RBC Dominion Securities

by · The Markets Daily

Enerflex (TSE:EFX – Get Free Report) had its price objective boosted by equities research analysts at RBC Dominion Securities from C$33.00 to C$35.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. RBC Dominion Securities’ target price suggests a potential downside of 5.99% from the stock’s previous close.

Several other research firms have also commented on EFX. National Bank Financial set a C$42.50 target price on shares of Enerflex and gave the company an “outperform” rating in a research note on Thursday, June 18th. ATB Cormark Capital Markets raised their target price on shares of Enerflex from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. Raymond James Financial lifted their price target on shares of 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 upped their price target on Enerflex from C$42.00 to C$48.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Finally, Canadian Imperial Bank of Commerce upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$38.23.

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Enerflex Price Performance

Enerflex stock traded down C$1.88 during midday trading on Wednesday, hitting C$37.23. The company’s stock had a trading volume of 639,197 shares, compared to its average volume of 733,432. Enerflex has a 12 month low of C$14.86 and a 12 month 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 has a market capitalization of C$4.55 billion, a PE ratio of 84.61 and a beta of 1.87. The stock’s 50-day moving average price is C$31.15 and its 200-day moving average price is C$32.78.

Enerflex (TSE:EFX – Get Free Report) last posted 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%. Analysts anticipate that Enerflex will post 0.73 earnings per share for the current fiscal year.

Enerflex Company Profile

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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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