Enerflex Price Target Raised to C$24.50 (EFX)
Investment analysts at Raymond James upped their price target on shares of Enerflex (TSE:EFX) from C$22.00 to C$24.50 in a note issued to investors on Tuesday. Raymond James’ price objective suggests a potential upside of 19.05% from the stock’s previous close.
Shares of Enerflex (TSE:EFX) opened at 20.67 on Tuesday. 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 $19.58 and a 200-day moving average of $17.99. The company has a market cap of $1.623 billion and a price-to-earnings ratio of 35.51.
Enerflex (TSE:EFX) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.14. On average, analysts predict that Enerflex will post $1.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, August 27th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, August 25th.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC raised their price target on shares of Enerflex from C$23.00 to C$26.00 in a research note on Tuesday, August 12th. They now have a “sector perform” rating on the stock. Separately, analysts at BMO Capital Markets upgraded shares of Enerflex from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 12th. They now have a C$24.00 price target on the stock, up previously from C$17.00. Finally, 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, August 11th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Enerflex currently has an average rating of “Buy” and a consensus price target of C$24.75.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.