Enerflex (TSE:EFX) Stock Price Expected to Rise, RBC Dominion Securities Analyst Says

Key Points

• RBC Dominion Securities raised Enerflex’s price target to C$35 from C$33 while maintaining an “outperform” rating, though the target implies approximately 6% downside from the current price.
• Analyst sentiment remains broadly positive: Enerflex has a consensus “Buy” rating and an average price target of C$38.23, with several firms recently raising their targets and ratings.
• Enerflex shares fell C$1.88 to C$37.23 in Wednesday trading. The company reported C$826.9 million in quarterly revenue and C$0.36 in earnings per share, while analysts forecast full-year EPS of C$0.73.

Enerflex (TSE:EFX - Get Free Report) had its price objective upped by investment analysts at RBC Dominion Securities from C$33.00 to C$35.00 in a research report issued on Wednesday, BayStreet reports. The firm presently has an "outperform" rating on the stock. RBC Dominion Securities' price target would indicate a potential downside of 5.99% from the stock's current price.

Several other equities analysts also recently issued reports on the company. Raymond James Financial boosted their price objective on Enerflex from C$48.00 to C$49.00 and gave the stock an "outperform" rating in a research report on Friday, October 2nd. ATB Cormark Capital Markets increased their price target on Enerflex from C$47.00 to C$52.00 and gave the stock an "outperform" rating in a research note on Friday, October 2nd. National Bank Financial set a C$42.50 price objective on shares of Enerflex and gave the company an "outperform" rating in a research note on Thursday, June 18th. Canadian Imperial Bank of Commerce upgraded shares of Enerflex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Acumen Capital upped their price objective on shares of Enerflex from C$42.00 to C$48.00 and gave the stock a "buy" rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$38.23.

Enerflex Stock Performance

Shares of EFX stock traded down C$1.88 during trading hours on Wednesday, reaching C$37.23. The stock had a trading volume of 639,197 shares, compared to its average volume of 733,432. The company has a debt-to-equity ratio of 51.03, a current ratio of 1.19 and a quick ratio of 1.20. Enerflex has a twelve month low of C$14.86 and a twelve month high of C$39.95. The firm has a 50-day simple moving average of C$31.15 and a 200-day simple moving average of C$32.78. The firm has a market capitalization of C$4.55 billion, a PE ratio of 84.61 and a beta of 1.87.

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 for the quarter. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. The firm had revenue of C$826.90 million for the quarter. As a group, equities analysts forecast that Enerflex will post 0.73 earnings per share 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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