Enerflex Ltd. (TSE:EFX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Enerflex Ltd. (TSE:EFX) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$21.47.

A number of analysts have commented on the stock. ATB Cormark Capital Markets set a C$26.00 target price on shares of Enerflex and gave the stock an “outperform” rating in a report on Friday, December 19th. Canadian Imperial Bank of Commerce raised their price target on Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Royal Bank Of Canada upped their price objective on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Friday, November 7th. BMO Capital Markets increased their target price on Enerflex from C$20.00 to C$23.00 in a research note on Monday, November 10th. Finally, TD Securities boosted their target price on Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th.

Enerflex Stock Up 0.1%

Shares of TSE:EFX opened at C$26.65 on Friday. 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 stock has a market cap of C$3.25 billion, a price-to-earnings ratio of 24.23 and a beta of 2.41. The company has a 50 day moving average of C$22.94 and a 200-day moving average of C$18.57. Enerflex has a one year low of C$8.74 and a one year high of C$27.25.

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.