Enerflex (TSE:EFX) Given New C$46.00 Price Target at ATB Cormark Capital Markets

Enerflex (TSE:EFX) had its price objective upped by research analysts at ATB Cormark Capital Markets from C$42.00 to C$46.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target indicates a potential upside of 22.67% from the company’s previous close.

A number of other research firms have also recently weighed in on EFX. BMO Capital Markets boosted their price target on Enerflex from C$39.00 to C$45.00 in a report on Friday. TD Securities boosted their price target on Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Raymond James Financial boosted their price target on Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a report on Friday. Royal Bank Of Canada boosted their price objective on shares of Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday. Finally, National Bank Financial raised shares of Enerflex from a “hold” rating to a “strong-buy” rating and boosted their price objective for the company from C$31.50 to C$42.50 in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and an average price target of C$35.16.

Enerflex Price Performance

EFX traded down C$1.24 during midday trading on Friday, reaching C$37.50. 414,225 shares of the company’s stock were exchanged, compared to its average volume of 736,601. The company has a debt-to-equity ratio of 64.41, a current ratio of 1.13 and a quick ratio of 1.20. The stock has a market capitalization of C$4.57 billion, a PE ratio of 72.12 and a beta of 2.28. The business’s 50-day moving average price is C$30.94 and its 200 day moving average price is C$24.62. Enerflex has a 1-year low of C$9.32 and a 1-year high of C$39.95.

Enerflex (TSE:EFX) last announced its earnings results on Thursday, February 26th. The company reported C$0.28 earnings per share (EPS) for the quarter. The company had revenue of C$821.97 million during the quarter. Enerflex had a net margin of 2.49% and a return on equity of 5.32%. As a group, equities analysts anticipate that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Company Profile

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.