Enerflex (TSE:EFX) Given New C$39.00 Price Target at TD Securities

Enerflex (TSE:EFX) had its price target raised by research analysts at TD Securities from C$28.00 to C$39.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 27.24% from the stock’s previous close.

Several other research firms have also recently issued reports on EFX. Raymond James Financial cut shares of Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price target on the stock. in a report on Wednesday, February 4th. National Bank Financial upped their target price on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. BMO Capital Markets increased their price target on shares of Enerflex from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday. ATB Cormark Capital Markets set a C$26.00 price objective on Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. Finally, Royal Bank Of Canada increased their target price on Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$24.97.

Enerflex Stock Down 3.7%

Shares of TSE:EFX traded down C$1.19 during trading on Friday, hitting C$30.65. The company’s stock had a trading volume of 998,207 shares, compared to its average volume of 608,403. The company has a market capitalization of C$3.73 billion, a PE ratio of 27.86 and a beta of 2.41. Enerflex has a fifty-two week low of C$8.74 and a fifty-two week high of C$32.13. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The stock’s 50-day moving average price is C$23.48 and its two-hundred day moving average price is C$18.98.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%.The company had revenue of C$821.97 million for the quarter. As a group, sell-side analysts expect that Enerflex will post 0.734413 EPS for the current year.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.