Raymond James Financial Boosts Enerflex (TSE:EFX) Price Target to C$40.00

Enerflex (TSE:EFX) had its price objective raised by stock analysts at Raymond James Financial from C$34.00 to C$40.00 in a research report issued on Monday,BayStreet.CA reports. Raymond James Financial’s target price indicates a potential upside of 37.46% from the company’s current price.

A number of other equities research analysts have also recently weighed in on EFX. ATB Cormark Capital Markets set a C$26.00 price target on Enerflex and gave the stock an “outperform” rating in a report on Friday, December 19th. BMO Capital Markets upped their target price on Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Finally, TD Securities lifted their price target on Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and a consensus price target of C$26.72.

Enerflex Stock Performance

TSE:EFX opened at C$29.10 on Monday. The firm’s fifty day simple moving average is C$27.26 and its 200-day simple moving average is C$21.63. The company has a quick ratio of 1.20, a current ratio of 1.13 and a debt-to-equity ratio of 64.41. The stock has a market cap of C$3.54 billion, a PE ratio of 55.96 and a beta of 2.36. Enerflex has a fifty-two week low of C$8.74 and a fifty-two week high of C$32.64.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. Enerflex had a net margin of 1.56% and a return on equity of 4.22%. The firm had revenue of C$821.97 million during the quarter. Analysts expect that Enerflex will post 0.734413 earnings per share for the current fiscal year.

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