Brokerages Set Enerflex Ltd. (TSE:EFX) Target Price at C$35.16

Enerflex Ltd. (TSE:EFX) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$35.16.

Several equities analysts recently commented on the company. TD Securities upped their target price on Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, February 27th. BMO Capital Markets raised their price target on Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. ATB Cormark Capital Markets lifted their price target on Enerflex from C$42.00 to C$46.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Raymond James Financial upped their price objective on shares of Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada increased their price objective on shares of Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a report on Friday, May 8th.

Insider Buying and Selling at Enerflex

In related news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of C$39.00 per share, for a total transaction of C$49,335.00. Following the acquisition, the insider directly owned 5,757 shares in the company, valued at C$224,523. This trade represents a 28.16% increase in their ownership of the stock. In the last quarter, insiders have acquired 1,737 shares of company stock valued at $67,558. 0.49% of the stock is owned by company insiders.

Enerflex Stock Up 2.8%

EFX stock opened at C$34.61 on Tuesday. The stock has a market capitalization of C$4.22 billion, a P/E ratio of 50.90 and a beta of 2.41. The company has a debt-to-equity ratio of 54.47, a quick ratio of 1.20 and a current ratio of 1.20. Enerflex has a one year low of C$10.40 and a one year high of C$39.95. The company has a 50 day moving average price of C$33.99 and a two-hundred day moving average price of C$27.53.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.49 earnings per share for the quarter. Enerflex had a return on equity of 7.72% and a net margin of 3.63%.The company had revenue of C$811.93 million for the quarter. As a group, sell-side analysts expect that Enerflex will post 0.734413 EPS for the current year.

Enerflex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a yield of 0.5%. Enerflex’s dividend payout ratio (DPR) is currently 16.98%.

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.