Enerflex (TSE:EFX) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Enerflex (TSE:EFX) had its price objective boosted by ATB Cormark Capital Markets from C$47.00 to C$52.00 in a research note issued on Friday, BayStreet reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target indicates a potential upside of 49.04% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Raymond James Financial upped their target price on Enerflex from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday. National Bank Financial set a C$42.50 target price on shares of Enerflex and gave the company an “outperform” rating in a report on Thursday, June 18th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and a consensus target price of C$37.69.

Enerflex Trading Down 3.7%

Shares of TSE:EFX traded down C$1.34 on Friday, reaching C$34.89. 329,770 shares of the company traded hands, compared to its average volume of 734,588. The business’s 50-day simple moving average is C$30.51 and its 200 day simple moving average is C$32.45. Enerflex has a 52 week low of C$14.86 and a 52 week high of C$39.95. The stock has a market capitalization of C$4.26 billion, a P/E ratio of 79.30 and a beta of 2.04. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03.

Enerflex (TSE:EFX) last released its earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%.The company had revenue of C$826.90 million during the quarter. As a group, equities analysts anticipate that Enerflex will post 0.734413 EPS for the current fiscal year.

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.