Enerflex (TSE:EFX) Cut to Hold at TD Securities

TD Securities cut shares of Enerflex (TSE:EFX) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks reports.

Several other equities analysts have also recently weighed in on EFX. Canadian Imperial Bank of Commerce upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. ATB Cormark Capital Markets raised their price objective on shares of Enerflex from C$52.00 to C$56.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. RBC Dominion Securities boosted 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, October 14th. Acumen Capital raised their price target on shares of Enerflex from C$42.00 to C$48.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Finally, Raymond James Financial raised their price objective on shares of Enerflex from C$49.00 to C$53.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$44.25.

Enerflex Price Performance

TSE:EFX opened at C$27.45 on Wednesday. The company’s 50-day moving average is C$32.45 and its two-hundred day moving average is C$31.51. Enerflex has a 12-month low of C$17.62 and a 12-month high of C$39.95. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 49.79. The firm has a market cap of C$3.35 billion, a price-to-earnings ratio of 46.53 and a beta of 1.37.

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 6.01% and a net margin of 3.23%. The business had revenue of C$886.92 million for the quarter. Research analysts expect that Enerflex will post 0.73 EPS for the current year.

Enerflex Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 25th will be paid a $0.0350 dividend. This is a drop from Enerflex’s previous quarterly dividend of $0.0450. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, November 12th. Enerflex’s dividend payout ratio (DPR) is presently 20.72%.

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.