Enerflex (TSE:EFX) Stock Price Target Raised at National Bank Financial

Enerflex (TSE:EFX) had its price objective increased by equities researchers at National Bank Financial from C$42.50 to C$45.00 in a research note issued on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial‘s price target points to a potential upside of 36.70% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. RBC Dominion Securities increased their price objective on shares of Enerflex from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Canadian Imperial Bank of Commerce raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Acumen Capital increased 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 report on Friday, October 2nd. ATB Cormark Capital Markets upped their target price on Enerflex from C$52.00 to C$56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Finally, Raymond James Financial increased their target price on Enerflex from C$49.00 to C$53.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, Enerflex presently has an average rating of “Buy” and an average price target of C$40.81.

Enerflex Price Performance

EFX stock traded up C$1.02 during midday trading on Monday, hitting C$32.92. 218,978 shares of the stock were exchanged, compared to its average volume of 732,677. The stock’s 50-day moving average price is C$31.91 and its 200-day moving average price is C$33.10. The company has a debt-to-equity ratio of 51.03, a quick ratio of 1.20 and a current ratio of 1.19. The stock has a market cap of C$4.01 billion, a price-to-earnings ratio of 74.82 and a beta of 1.87. Enerflex has a fifty-two week low of C$17.44 and a fifty-two week high of C$39.95.

Enerflex (TSE:EFX) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$826.90 million during the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. Research analysts predict that Enerflex will post 0.73 earnings per share for the current 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.