Enerflex Upgraded to Outperform at BMO Capital Markets (EFX)
Enerflex (TSE:EFX) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a C$24.00 target price on the stock, up from their previous target price of C$17.00. BMO Capital Markets’ price objective suggests a potential upside of 20.12% from the stock’s previous close.
Enerflex (TSE:EFX) traded up 3.09% on Tuesday, hitting $20.69. 369,852 shares of the company’s stock traded hands. Enerflex has a 52-week low of $13.33 and a 52-week high of $21.50. The stock has a 50-day moving average of $19.42 and a 200-day moving average of $17.5. The company has a market cap of $1.622 billion and a price-to-earnings ratio of 34.60.
Enerflex (TSE:EFX) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.14. Analysts expect that Enerflex will post $1.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, August 27th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.50%.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank raised their price target on shares of Enerflex from C$23.00 to C$26.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Enerflex from C$22.00 to C$24.00 in a research note on Friday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$24.33.
Enerflex Ltd. (TSE:EFX) is a Canada-based company which is a supplier for natural gas compression, oil and gas processing, refrigeration systems and power generation equipment plus in-house engineering and mechanical services.
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