Enerflex Ltd. (TSE:EFX) Stock Has Average Price Target of C$37.69

Enerflex Ltd. (TSE:EFX) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$37.69.

A number of research firms have recently commented on EFX. National Bank Financial set a C$42.50 target price on shares of Enerflex and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Acumen Capital raised their price target on shares of Enerflex from C$42.00 to C$48.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Raymond James Financial lifted their price objective on Enerflex from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. Finally, ATB Cormark Capital Markets boosted their price objective on Enerflex from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Friday, October 2nd.

Enerflex Price Performance

Enerflex stock opened at C$33.82 on Monday. The stock has a market capitalization of C$4.13 billion, a P/E ratio of 76.86 and a beta of 1.87. The company’s fifty day moving average price is C$30.81 and its 200 day moving average price is C$32.61. The company has a debt-to-equity ratio of 51.03, a quick ratio of 1.20 and a current ratio of 1.19. Enerflex has a 1 year low of C$14.86 and a 1 year high of C$39.95.

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

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were given a $0.0450 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.5%. This is a boost from Enerflex’s previous quarterly dividend of $0.0425. The ex-dividend date was Wednesday, August 19th. Enerflex’s dividend payout ratio (DPR) is 27.03%.

About Enerflex

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.