Raymond James Financial Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its price target raised by investment analysts at Raymond James Financial from C$24.00 to C$24.50 in a report issued on Tuesday,BayStreet.CA reports. Raymond James Financial’s target price suggests a potential upside of 13.43% from the company’s current price.

Several other brokerages have also weighed in on EFX. Royal Bank Of Canada upped their price objective on shares of Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Friday, November 7th. TD Securities upped their price target on Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. CIBC increased their price target on Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report on Friday, November 7th. BMO Capital Markets boosted their price objective on Enerflex from C$20.00 to C$23.00 in a report on Monday, November 10th. Finally, ATB Capital increased their target price on Enerflex from C$19.50 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.97.

Enerflex Price Performance

Shares of EFX opened at C$21.60 on Tuesday. The firm has a market cap of C$2.63 billion, a PE ratio of 19.64 and a beta of 2.16. Enerflex has a 52-week low of C$8.74 and a 52-week high of C$21.60. The business’s 50 day moving average price is C$17.83 and its two-hundred day moving average price is C$14.14. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.30 EPS for the quarter. The company had revenue of C$1.08 billion during the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. On average, equities analysts anticipate that Enerflex will post 0.734413 EPS for the current year.

Insider Buying and Selling

In related news, insider Paul Mahoney acquired 18,250 shares of the company’s stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of C$13.70 per share, for a total transaction of C$250,025.00. Following the purchase, the insider owned 36,500 shares in the company, valued at approximately C$500,050. The trade was a 100.00% increase in their ownership of the stock. Insiders own 0.49% of the company’s stock.

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.