Enerflex (TSE:EFX) Raised to "Strong-Buy" at Canadian Imperial Bank of Commerce

Key Points

• Canadian Imperial Bank of Commerce upgraded Enerflex to “strong buy” from “hold,” while the broader analyst consensus remains “buy.”
• Several analysts recently raised their price targets, ranging from C$42.50 to C$52.00; the consensus target is C$37.69.
• Enerflex reported quarterly EPS of C$0.36 on revenue of C$826.9 million, with a 5.26% return on equity and 2.53% net margin.

Enerflex (TSE:EFX - Get Free Report) was upgraded by equities researchers at Canadian Imperial Bank of Commerce from a "hold" rating to a "strong-buy" rating in a report issued on Tuesday, Zacks reports.

Other analysts also recently issued research reports about the company. Acumen Capital lifted their target price on 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 increased their price target on Enerflex from C$48.00 to C$49.00 and gave the stock an "outperform" rating in a research note on Friday, October 2nd. National Bank Financial set a C$42.50 price target on Enerflex and gave the company an "outperform" rating in a report on Thursday, June 18th. Finally, ATB Cormark Capital Markets raised their price target on Enerflex from C$47.00 to C$52.00 and gave the company an "outperform" rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$37.69.

Enerflex Price Performance

TSE EFX opened at C$39.11 on Tuesday. Enerflex has a 52 week low of C$14.86 and a 52 week high of C$39.95. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03. The stock has a market cap of C$4.78 billion, a price-to-earnings ratio of 88.89 and a beta of 1.87. The company has a 50-day moving average price of C$31.15 and a two-hundred day moving average price of C$32.78.

Enerflex (TSE:EFX - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.36 earnings per share (EPS) for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. The business had revenue of C$826.90 million during the quarter. Analysts forecast that Enerflex will post 0.73 EPS for the current year.

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.

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