Enerflex (TSE:EFX) Given New C$40.00 Price Target at Raymond James Financial

Enerflex (TSE:EFX) had its target price increased by Raymond James Financial from C$34.00 to C$40.00 in a report issued on Monday,BayStreet.CA reports.

Other equities analysts also recently issued reports about the company. ATB Cormark Capital Markets set a C$26.00 target price on Enerflex and gave the stock an “outperform” rating in a research note on Friday, December 19th. BMO Capital Markets raised their price objective on shares of Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Finally, TD Securities increased their target price on shares of Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$26.72.

Enerflex Price Performance

Shares of TSE:EFX opened at C$28.60 on Monday. Enerflex has a one year low of C$8.74 and a one year high of C$32.64. The stock has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 55.00 and a beta of 2.36. The company has a 50-day simple moving average of C$27.13 and a 200-day simple moving average of C$21.53. The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13.

Enerflex (TSE:EFX) last released its quarterly earnings results on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. Enerflex had a return on equity of 4.22% and a net margin of 1.56%.The business had revenue of C$821.97 million during the quarter. On average, analysts predict that Enerflex will post 0.734413 EPS for the current year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were paid a $0.0425 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.17 annualized dividend and a yield of 0.6%. Enerflex’s payout ratio is presently 21.37%.

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.