Analysts Set Enerflex Ltd. (TSE:EFX) Price Target at C$35.28

Shares of Enerflex Ltd. (TSE:EFX) have been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$35.28.

EFX has been the topic of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Enerflex from C$39.00 to C$45.00 in a research report on Friday, May 8th. Raymond James Financial raised their target price on Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. National Bank Financial set a C$42.50 price target on Enerflex and gave the company an “outperform” rating in a report on Thursday, June 18th. Royal Bank Of Canada upped their price target on Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, ATB Cormark Capital Markets increased their price objective on Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, July 10th.

Insider Activity at Enerflex

In other Enerflex news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of C$39.00 per share, with a total value of C$49,335.00. Following the completion of the purchase, the insider directly owned 5,757 shares of the company’s stock, valued at C$224,523. The trade was a 28.16% increase in their position. Insiders purchased a total of 1,737 shares of company stock worth $67,558 in the last ninety days. 0.49% of the stock is owned by corporate insiders.

Enerflex Stock Performance

TSE:EFX opened at C$32.17 on Wednesday. The company has a debt-to-equity ratio of 54.47, a quick ratio of 1.20 and a current ratio of 1.20. Enerflex has a fifty-two week low of C$10.47 and a fifty-two week high of C$39.95. The firm has a market cap of C$3.93 billion, a PE ratio of 47.31 and a beta of 2.34. The business has a 50 day moving average price of C$34.64 and a 200-day moving average price of C$30.68.

Enerflex (TSE:EFX) last issued its earnings results on Thursday, May 7th. The company reported C$0.49 EPS for the quarter. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. The company had revenue of C$811.93 million for the quarter. Equities research analysts predict that Enerflex will post 0.734413 earnings per share for the current year.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.17 annualized dividend and a dividend yield of 0.5%. Enerflex’s payout ratio is 16.98%.

Enerflex Company Profile

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.