Brokerages Set Enerflex Ltd. (TSE:EFX) Price Target at C$17.46

Enerflex Ltd. (TSE:EFX) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$17.47.

Several equities analysts have recently issued reports on EFX shares. Royal Bank Of Canada lifted their price objective on shares of Enerflex from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. BMO Capital Markets raised their target price on shares of Enerflex from C$18.00 to C$20.00 in a report on Friday, October 10th. Desjardins raised their target price on shares of Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a report on Monday. TD Securities raised their target price on shares of Enerflex from C$17.00 to C$19.00 in a report on Tuesday, October 14th. Finally, ATB Capital raised their target price on shares of Enerflex from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, August 8th.

Enerflex Stock Performance

Shares of EFX opened at C$16.17 on Monday. The firm’s 50 day moving average is C$14.65 and its 200-day moving average is C$11.81. The stock has a market capitalization of C$2.01 billion, a P/E ratio of 15.55 and a beta of 2.37. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. Enerflex has a 12-month low of C$8.74 and a 12-month high of C$16.44.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, September 2nd were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, August 18th. Enerflex’s dividend payout ratio (DPR) is presently 9.50%.

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.