Enerflex (NYSE:EFXT) Stock Price Target Cut by Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut Enerflex’s price target from $35 to $33 while maintaining an “outperform” rating, implying approximately 40.9% upside from the prior close.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $38, though ratings range from Strong Buy to Strong Sell.
• Enerflex reported quarterly EPS of $0.45, beating the $0.31 consensus estimate, while revenue of $623 million fell slightly below expectations. Shares recently traded at $23.42, and institutional investors own 46.47% of the company.

Enerflex (NYSE:EFXT - Get Free Report) had its target price dropped by equities research analysts at Royal Bank Of Canada from $35.00 to $33.00 in a report released on Friday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 40.89% from the stock's previous close.

EFXT has been the topic of a number of other research reports. Weiss Ratings upgraded shares of Enerflex from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Canadian Imperial Bank of Commerce set a $35.00 price target on shares of Enerflex and gave the stock an "outperform" rating in a report on Tuesday, October 13th. Wall Street Zen cut shares of Enerflex from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Acumen Capital raised Enerflex to a "strong-buy" rating in a research report on Friday, October 2nd. Finally, Zacks Research cut shares of Enerflex from a "hold" rating to a "strong sell" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Enerflex Stock Performance

Shares of NYSE EFXT traded down $0.88 during mid-day trading on Friday, reaching $23.42. 184,780 shares of the company's stock were exchanged, compared to its average volume of 596,241. The firm has a 50-day moving average price of $22.95 and a two-hundred day moving average price of $22.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86. Enerflex has a 52 week low of $12.46 and a 52 week high of $29.15. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 54.49 and a beta of 1.80.

Enerflex (NYSE:EFXT - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.14. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. The firm had revenue of $623.00 million for the quarter, compared to the consensus estimate of $632.70 million. Analysts predict that Enerflex will post 1.32 EPS for the current year.

Hedge Funds Weigh In On Enerflex

Several institutional investors have recently modified their holdings of EFXT. Financial Management Professionals Inc. acquired a new position in shares of Enerflex during the 2nd quarter worth about $30,000. Integrated Wealth Concepts LLC acquired a new stake in Enerflex in the second quarter valued at $79,000. Deutsche Bank AG acquired a new position in shares of Enerflex in the second quarter worth $158,000. Wellington Altus USA Inc. acquired a new position in Enerflex in the 2nd quarter valued at $185,000. Finally, Independent Financial Group LLC purchased a new position in shares of Enerflex during the 1st quarter worth about $221,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Enerflex Company Profile

Enerflex Ltd. NYSE: EFXT is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.

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