Enerflex (NYSE:EFXT) Rating Lowered to Hold at Wall Street Zen

Enerflex (NYSE:EFXT) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages have also recently commented on EFXT. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $30.00 target price on shares of Enerflex in a report on Friday, July 10th. Zacks Research downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Royal Bank Of Canada boosted their price target on Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Weiss Ratings downgraded Enerflex from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Raymond James Financial lifted their price objective on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

Enerflex Stock Up 0.2%

Shares of EFXT stock opened at $20.00 on Friday. Enerflex has a 12 month low of $8.81 and a 12 month high of $29.15. The stock has a market cap of $2.44 billion, a P/E ratio of 46.50 and a beta of 1.86. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The company has a 50 day simple moving average of $23.68 and a two-hundred day simple moving average of $22.65.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). The business had revenue of $582.00 million during the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. On average, research analysts expect that Enerflex will post 1.59 earnings per share for the current year.

Institutional Investors Weigh In On Enerflex

Institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp lifted its position in shares of Enerflex by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock valued at $76,327,000 after acquiring an additional 186,649 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after purchasing an additional 752,893 shares in the last quarter. TD Asset Management Inc grew its position in shares of Enerflex by 31.8% during the fourth quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after purchasing an additional 518,639 shares in the last quarter. Bank of Montreal Can grew its position in shares of Enerflex by 11.8% during the fourth quarter. Bank of Montreal Can now owns 1,735,826 shares of the company’s stock worth $26,761,000 after purchasing an additional 182,578 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Enerflex by 51.4% during the 1st quarter. Bank of America Corp DE now owns 1,293,472 shares of the company’s stock valued at $27,059,000 after purchasing an additional 438,920 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

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.