Enerflex (TSE:EFX) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Key Points

• ATB Cormark raised Enerflex’s price target to C$52 from C$47 and maintained an “outperform” rating, implying approximately 49% upside from the current price.
• Other analysts remain broadly positive: seven rate Enerflex a Buy and two a Hold, resulting in a consensus “Moderate Buy” rating and average target price of C$37.69.
• Enerflex shares fell 3.7% to C$34.89 in Friday trading. The company recently reported C$0.36 in quarterly EPS on C$826.9 million in revenue, with a 2.53% net margin.

Enerflex (TSE:EFX - Get Free Report) had its price objective boosted by ATB Cormark Capital Markets from C$47.00 to C$52.00 in a research note issued on Friday, BayStreet reports. The firm currently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price target indicates a potential upside of 49.04% from the company's current price.

A number of other research analysts also recently weighed in on the company. Raymond James Financial upped their target price on Enerflex from C$48.00 to C$49.00 and gave the stock an "outperform" rating in a report on Friday. National Bank Financial set a C$42.50 target price on shares of Enerflex and gave the company an "outperform" rating in a report on Thursday, June 18th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Enerflex has a consensus rating of "Moderate Buy" and a consensus target price of C$37.69.

Enerflex Trading Down 3.7%

Shares of TSE:EFX traded down C$1.34 on Friday, reaching C$34.89. 329,770 shares of the company traded hands, compared to its average volume of 734,588. The business's 50-day simple moving average is C$30.51 and its 200 day simple moving average is C$32.45. Enerflex has a 52 week low of C$14.86 and a 52 week high of C$39.95. The stock has a market capitalization of C$4.26 billion, a P/E ratio of 79.30 and a beta of 2.04. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.