Raymond James Financial Downgrades Enerflex (TSE:EFX) to Moderate Buy

Enerflex (TSE:EFX) was downgraded by equities research analysts at Raymond James Financial from a “strong-buy” rating to a “moderate buy” rating in a report issued on Wednesday, MarketBeat Ratings reports. They currently have a C$26.00 price objective on the stock. Raymond James Financial’s target price indicates a potential upside of 12.95% from the stock’s current price.

Several other equities research analysts also recently issued reports on EFX. ATB Capital set a C$26.00 price objective on Enerflex and gave the stock an “outperform” rating in a report on Friday, December 19th. TD Securities raised their price target on shares of Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. CIBC lifted their price target on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a research note on Friday, November 7th. BMO Capital Markets upped their price target on shares of Enerflex from C$20.00 to C$23.00 in a report on Monday, November 10th. Finally, Royal Bank Of Canada raised their price objective on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and a consensus price target of C$21.47.

Enerflex Stock Performance

Shares of EFX stock opened at C$23.02 on Wednesday. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The company’s fifty day moving average price is C$21.77 and its two-hundred day moving average price is C$17.41. The firm has a market capitalization of C$2.80 billion, a P/E ratio of 20.93 and a beta of 2.41. Enerflex has a 12 month low of C$8.74 and a 12 month high of C$26.81.

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

Insider Buying and Selling

In other Enerflex news, insider Paul Mahoney bought 18,250 shares of the stock in a transaction on Monday, November 10th. The stock was purchased at an average price of C$13.70 per share, for a total transaction of C$250,025.00. Following the completion of the purchase, the insider directly owned 36,500 shares in the company, valued at approximately C$500,050. This trade represents a 100.00% increase in their ownership of the stock. Insiders have acquired a total of 19,302 shares of company stock valued at $271,627 over the last three months. Insiders own 0.49% of the company’s stock.

About Enerflex

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.