ATB Cormark Capital Markets Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its price target boosted by equities researchers at ATB Cormark Capital Markets from C$52.00 to C$56.00 in a report issued on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 50.42% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Acumen Capital lifted their price objective on shares of Enerflex from C$42.00 to C$48.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Canadian Imperial Bank of Commerce raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. National Bank Financial set a C$42.50 target price on Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. Raymond James Financial raised their target price on Enerflex from C$49.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, RBC Dominion Securities lifted their price target on Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$38.23.

Enerflex Stock Down 4.8%

Enerflex stock traded down C$1.88 during midday trading on Wednesday, reaching C$37.23. The company’s stock had a trading volume of 639,197 shares, compared to its average volume of 733,432. The stock’s 50-day simple moving average is C$31.15 and its 200-day simple moving average is C$32.78. The company has a debt-to-equity ratio of 51.03, a current ratio of 1.19 and a quick ratio of 1.20. Enerflex has a 52-week low of C$14.86 and a 52-week high of C$39.95. The stock has a market capitalization of C$4.55 billion, a P/E ratio of 84.61 and a beta of 1.87.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. The business had revenue of C$826.90 million for the quarter. On average, sell-side analysts expect that Enerflex will post 0.73 EPS for the current year.

Enerflex Company Profile

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.