Enerflex (TSE:EFX) Stock Gets Price Target Cut from Royal Bank Of Canada

Enerflex (TSE:EFX) had its price target reduced by research analysts at Royal Bank Of Canada from C$35.00 to C$33.00 in a research note issued to investors on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective suggests a potential upside of 3.32% from the stock’s current price.

Several other brokerages also recently commented on EFX. Canadian Imperial Bank of Commerce raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. ATB Cormark Capital Markets boosted their target price on shares of Enerflex from C$52.00 to C$56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Acumen Capital upped their price target on shares of Enerflex from C$42.00 to C$48.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Raymond James Financial lifted their price objective on shares of Enerflex from C$49.00 to C$53.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. Finally, RBC Dominion Securities boosted their price objective on shares of Enerflex from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$41.03.

Enerflex Trading Down 5.8%

TSE EFX traded down C$1.96 during trading on Friday, hitting C$31.94. The stock had a trading volume of 409,412 shares, compared to its average volume of 734,405. Enerflex has a one year low of C$17.53 and a one year high of C$39.95. The stock has a 50 day simple moving average of C$32.20 and a 200 day simple moving average of C$31.28. The stock has a market capitalization of C$3.89 billion, a price-to-earnings ratio of 72.59 and a beta of 1.87. The company has a debt-to-equity ratio of 51.03, a quick ratio of 1.20 and a current ratio of 1.19.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Thursday, October 29th. The company reported C$0.64 earnings per share for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. The firm had revenue of C$886.92 million for the quarter. Sell-side analysts predict that Enerflex will post 0.73 earnings per share for the current year.

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.