Enerflex (NYSE:EFXT) Stock Price Target Raised at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Enerflex’s price target from $33 to $35 and maintained an “outperform” rating, implying approximately 28% upside from the prior close.
• Analyst sentiment is broadly positive but mixed: MarketBeat reports a “Moderate Buy” consensus with an average price target of $38.67, while ratings range from Strong Buy to Sell.
• Enerflex’s latest quarter missed expectations, reporting $0.25 EPS versus $0.31 expected and revenue of $582 million versus $606.78 million forecast; institutional investors own 46.47% of the company.

Enerflex (NYSE:EFXT - Get Free Report) had its price objective boosted by stock analysts at Royal Bank Of Canada from $33.00 to $35.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 27.99% from the stock's previous close.

Several other brokerages have also recently issued reports on EFXT. Zacks Research cut shares of Enerflex from a "hold" rating to a "strong sell" rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce set a $35.00 price objective on Enerflex and gave the stock an "outperform" rating in a report on Tuesday. Acumen Capital raised Enerflex to a "strong-buy" rating in a research report on Friday, October 2nd. Wall Street Zen cut Enerflex from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised Enerflex from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. One investment 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 given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.67.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $27.35 on Wednesday. The company has a market cap of $3.34 billion, a P/E ratio of 64.21 and a beta of 1.80. The business has a fifty day simple moving average of $22.26 and a 200-day simple moving average of $23.51. Enerflex has a 52 week low of $10.57 and a 52 week high of $29.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49.

Enerflex (NYSE:EFXT - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.06). The company had revenue of $582.00 million during the quarter, compared to analysts' expectations of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Equities research analysts forecast that Enerflex will post 1.34 EPS for the current year.

Hedge Funds Weigh In On Enerflex

Institutional investors and hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enerflex during the 2nd quarter worth $330,515,000. Bank of America Corp DE purchased a new position in Enerflex in the 2nd quarter valued at about $30,569,000. Dimensional Fund Advisors LP grew its stake in shares of Enerflex by 33.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,208,011 shares of the company's stock valued at $25,268,000 after acquiring an additional 303,398 shares in the last quarter. Cibc World Market Inc. purchased a new stake in shares of Enerflex during the second quarter worth about $15,851,000. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Enerflex by 74.7% in the second quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company's stock worth $13,170,000 after acquiring an additional 238,574 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

Enerflex News Summary

Here are the key news stories impacting Enerflex this week:

• Positive Sentiment: More than 1 gigawatt power contract: Enerflex will design, engineer, fabricate and assemble over 1 GW of low-emission, natural-gas-fired, behind-the-meter generation equipment for a large North American data-center development. The project is expected to support demand for the company’s Engineered Systems business. Enerflex Announces Major Project Award and Increases Behind-the-Meter Power Generation Backlog to Over 1.75 Gigawatts
• Positive Sentiment: Backlog now exceeds 1.75 GW: Including approximately 450 MW announced earlier in October, Enerflex’s behind-the-meter power-generation backlog has grown to more than 1.75 GW, with deliveries extending through 2028. This improves revenue visibility and highlights the company’s exposure to data-center electricity demand. Enerflex Announces Major Project Award and Increases Behind-the-Meter Power Generation Backlog to Over 1.75 Gigawatts
• Positive Sentiment: Analyst upgrade: Canadian Imperial Bank of Commerce upgraded Enerflex from “neutral” to “sector outperform,” adding to the positive market reaction. Analysts cited by American Banking News have an average price target of $36.67, implying further potential upside. Enerflex Ltd. Stock Has Average Target Price of $36.67 According to Analysts
• Neutral Sentiment: Execution and financial details remain unclear: Enerflex did not disclose the contract’s value, customer or detailed margin profile. The multiyear delivery schedule means the backlog’s benefits will be realized over time and depends on successful project execution.
• Negative Sentiment: Recent earnings were below expectations: The company’s latest reported quarter missed analyst estimates for both earnings per share and revenue, leaving execution of the new backlog important for sustaining the improved investor outlook.

About Enerflex

Enerflex Ltd. NYSE: EFXT is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.

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