Scotiabank Reaffirms “Outperform” Rating for Enerflex (EFX)
Enerflex (TSE:EFX)‘s stock had its “outperform” rating reissued by analysts at Scotiabank in a research report issued to clients and investors on Wednesday. They currently have a C$26.00 target price on the stock. Scotiabank’s price objective points to a potential upside of 24.76% from the company’s current price.
Shares of Enerflex (TSE:EFX) traded down 0.38% on Wednesday, hitting $20.91. 44,564 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 $19.60 and a 200-day moving average of $18.03. The company has a market cap of $1.642 billion and a price-to-earnings ratio of 36.19.
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. On average, analysts predict that Enerflex will post $1.17 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 1.44%. The ex-dividend date of this dividend is Monday, August 25th.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Enerflex from C$22.00 to C$24.50 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Enerflex presently has an average rating of “Buy” and an average target price 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.
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