Enerflex (TSE:EFX) Price Target Raised to C$35.00

Enerflex (TSE:EFX) had its price objective hoisted by BMO Capital Markets from C$27.00 to C$35.00 in a research note released on Thursday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price target on the stock. in a research report on Wednesday, February 4th. Royal Bank Of Canada lifted their target price on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. TD Securities boosted their target price on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, November 7th. National Bank Financial increased their price target on Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Finally, Canadian Imperial Bank of Commerce lifted their price objective 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. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$24.97.

Enerflex Stock Performance

Shares of TSE EFX opened at C$30.61 on Thursday. The firm has a market cap of C$3.73 billion, a price-to-earnings ratio of 27.83 and a beta of 2.41. The stock’s fifty day moving average price is C$23.68 and its two-hundred day moving average price is C$19.15. 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 one year low of C$8.74 and a one year high of C$32.13.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%.The company had revenue of C$821.97 million for the quarter. On average, equities analysts forecast that Enerflex will post 0.734413 EPS for the current year.

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.