Brokerages Set Enerflex Ltd. (NYSE:EFXT) Target Price at $35.17

Shares of Enerflex Ltd. (NYSE:EFXT) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $35.1667.

A number of brokerages have weighed in on EFXT. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce set a $27.50 price objective on Enerflex in a report on Monday, August 10th. Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Weiss Ratings downgraded Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th.

Enerflex Trading Down 3.8%

Shares of EFXT opened at $20.01 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 46.53 and a beta of 1.86. The stock has a fifty day moving average price of $22.53 and a two-hundred day moving average price of $22.96. Enerflex has a 52-week low of $9.81 and a 52-week high of $29.15.

Enerflex (NYSE:EFXT) last announced its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The business had revenue of $582.00 million during the quarter, compared to analyst estimates of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Analysts predict that Enerflex will post 1.34 EPS for the current fiscal year.

Enerflex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.0425 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.17 dividend on an annualized basis and a yield of 0.8%. Enerflex’s dividend payout ratio is presently 27.91%.

Institutional Investors Weigh In On Enerflex

A number of institutional investors and hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. bought a new position in Enerflex in the second quarter valued at approximately $30,000. Smartleaf Asset Management LLC bought a new stake in shares of Enerflex during the 4th quarter valued at $31,000. Plato Investment Management Ltd lifted its stake in shares of Enerflex by 399.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after purchasing an additional 3,730 shares during the period. Shelton Capital Management bought a new position in shares of Enerflex in the 3rd quarter worth $136,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Enerflex during the third quarter worth $138,000. 46.47% of the stock is owned by institutional investors.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.