Enerflex (NYSE:EFXT) Stock Rating Raised to “Buy” at Wall Street Zen

Enerflex (NYSE:EFXT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Other research analysts have also issued research reports about the company. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a report on Friday, October 16th. Royal Bank Of Canada decreased their price target on Enerflex from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Friday. Canadian Imperial Bank of Commerce set a $35.00 price target on Enerflex and gave the company an “outperform” rating in a research report on Tuesday, October 13th. Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Enerflex Trading Down 2.7%

EFXT opened at $23.64 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86. Enerflex has a fifty-two week low of $12.46 and a fifty-two week high of $29.15. The firm has a market capitalization of $2.89 billion, a PE ratio of 40.76 and a beta of 1.80. The company’s 50-day moving average is $23.02 and its 200 day moving average is $22.55.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. The business had revenue of $623.00 million during the quarter, compared to the consensus estimate of $632.70 million. Enerflex had a return on equity of 13.40% and a net margin of 2.94%. As a group, research analysts predict that Enerflex will post 1.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EFXT. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Enerflex in the 2nd quarter worth approximately $330,515,000. Bank of America Corp DE bought a new stake in shares of Enerflex in the second quarter valued at $30,569,000. Cibc World Market Inc. purchased a new position in shares of Enerflex during the 2nd quarter valued at $15,851,000. The Manufacturers Life Insurance Company purchased a new position in shares of Enerflex during the 2nd quarter valued at $12,082,000. Finally, Caldwell Investment Management Ltd. purchased a new position in shares of Enerflex during the 2nd quarter valued at $10,074,000. 46.47% of the stock is owned by institutional investors.

About Enerflex

Enerflex Ltd. (NYSE: EFXT) is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.