Enerflex (NYSE:EFXT) Rating Lowered to “Hold” at Zacks Research

Enerflex (NYSE:EFXT) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th. TD Securities reaffirmed a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $28.00 price target on shares of Enerflex in a research report on Friday, May 8th. Finally, Raymond James Financial lifted their price target on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.

Enerflex Stock Performance

Shares of EFXT stock opened at $23.06 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. Enerflex has a 12 month low of $7.59 and a 12 month high of $29.15. The firm has a market capitalization of $2.82 billion, a PE ratio of 34.42 and a beta of 1.83. The firm has a fifty day simple moving average of $25.56 and a two-hundred day simple moving average of $21.45.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. Enerflex had a return on equity of 14.53% and a net margin of 3.19%.The firm had revenue of $584.00 million during the quarter, compared to the consensus estimate of $607.26 million. Analysts forecast that Enerflex will post 1.66 EPS for the current fiscal year.

Institutional Trading of Enerflex

Several hedge funds have recently made changes to their positions in EFXT. Baron Wealth Management LLC grew its stake in shares of Enerflex by 2.5% during the 2nd quarter. Baron Wealth Management LLC now owns 30,530 shares of the company’s stock worth $748,000 after acquiring an additional 751 shares during the period. Neuberger Berman Group LLC raised its stake in Enerflex by 0.8% in the 4th quarter. Neuberger Berman Group LLC now owns 118,504 shares of the company’s stock valued at $1,829,000 after acquiring an additional 883 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Enerflex by 4.4% during the first quarter. Pictet Asset Management Holding SA now owns 24,089 shares of the company’s stock valued at $502,000 after purchasing an additional 1,017 shares during the last quarter. NewEdge Advisors LLC boosted its position in Enerflex by 3.2% during the fourth quarter. NewEdge Advisors LLC now owns 33,744 shares of the company’s stock worth $521,000 after purchasing an additional 1,033 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Enerflex by 0.7% in the third quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock worth $1,696,000 after purchasing an additional 1,035 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.

About Enerflex

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.