Enerflex (TSE:EFX) Price Target Raised to C$53.00

Enerflex (TSE:EFX) had its target price raised by Raymond James Financial from C$49.00 to C$53.00 in a report released on Wednesday morning,BayStreet reports. Raymond James Financial currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. RBC Dominion Securities boosted their price objective on Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday. National Bank Financial set a C$42.50 price objective on Enerflex and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Canadian Imperial Bank of Commerce raised Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. ATB Cormark Capital Markets raised their target price on Enerflex from C$47.00 to C$52.00 and gave the company an “outperform” rating in a report on Friday, October 2nd. Finally, Acumen Capital lifted their target price on Enerflex from C$42.00 to C$48.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$38.23.

Enerflex Trading Up 1.3%

TSE:EFX opened at C$35.23 on Wednesday. The company has a debt-to-equity ratio of 51.03, a current ratio of 1.19 and a quick ratio of 1.20. The firm has a 50-day moving average of C$31.53 and a 200-day moving average of C$32.88. The company has a market cap of C$4.30 billion, a PE ratio of 80.07 and a beta of 1.87. Enerflex has a one year low of C$14.86 and a one year high of C$39.95.

Enerflex (TSE:EFX) last posted its earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. The company had revenue of C$826.90 million for the quarter. As a group, equities research analysts expect that Enerflex will post 0.73 EPS for the current fiscal year.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were paid a dividend of $0.0450 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, August 19th. This is a positive change from Enerflex’s previous quarterly dividend of $0.0425. Enerflex’s dividend payout ratio is presently 27.03%.

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.