Enerflex (TSE:EFX) Stock Price Target Lowered at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut Enerflex’s price target from C$35 to C$33 while maintaining an “outperform” rating, implying 3.32% upside from the prior close.
• Analyst sentiment remains positive: Enerflex has an average “Buy” rating and a consensus price target of C$41.03, with targets from other firms ranging as high as C$56.
• Shares fell C$1.96 to C$31.94 in Friday trading. Enerflex recently reported quarterly EPS of C$0.64 on revenue of C$886.92 million.

Enerflex (TSE:EFX - Get Free Report) had its price target cut by investment analysts at Royal Bank Of Canada from C$35.00 to C$33.00 in a report issued on Friday, BayStreet reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 3.32% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Acumen Capital upped their price target on shares of Enerflex from C$42.00 to C$48.00 and gave the stock a "buy" rating in a research report on Friday, October 2nd. ATB Cormark Capital Markets upped their price objective on Enerflex from C$52.00 to C$56.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 14th. National Bank Financial increased their target price on Enerflex from C$42.50 to C$45.00 and gave the stock an "outperform" rating in a research report on Monday. RBC Dominion Securities boosted their price target on Enerflex from C$33.00 to C$35.00 and gave the stock an "outperform" rating in a report on Wednesday, October 14th. Finally, Raymond James Financial upped their price target on Enerflex from C$49.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$41.03.

Enerflex Stock Performance

TSE:EFX traded down C$1.96 during mid-day trading on Friday, hitting C$31.94. 409,412 shares of the company traded hands, compared to its average volume of 734,405. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 51.03. The stock's fifty day moving average price is C$32.20 and its 200-day moving average price is C$31.28. The firm has a market cap of C$3.89 billion, a price-to-earnings ratio of 72.59 and a beta of 1.87. Enerflex has a one year low of C$17.53 and a one year high of C$39.95.

Enerflex (TSE:EFX - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported C$0.64 EPS for the quarter. The firm had revenue of C$886.92 million for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. Research analysts anticipate that Enerflex will post 0.73 earnings per share 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.

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