Enerflex (TSE:EFX) Stock Price Target Raised at Acumen Capital

Key Points

• Acumen Capital raised Enerflex’s price target from C$42.00 to C$48.00 and maintained a “buy” rating, implying 37.58% upside from the prior close.
• Other analysts also remain broadly positive: ATB Cormark lifted its target to C$52.00, while Raymond James raised its target to C$49.00. Enerflex has a “Moderate Buy” consensus rating, though the average target is lower at C$37.69.
• Enerflex shares fell C$1.34 to C$34.89 in Friday trading. The company recently reported quarterly EPS of C$0.36 on revenue of C$826.90 million.

Enerflex (TSE:EFX - Get Free Report) had its price objective upped by Acumen Capital from C$42.00 to C$48.00 in a report released on Friday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Acumen Capital's price target suggests a potential upside of 37.58% from the company's previous close.

A number of other analysts have also issued reports on EFX. ATB Cormark Capital Markets boosted 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. National Bank Financial set a C$42.50 price target on Enerflex and gave the company an "outperform" rating in a research note on Thursday, June 18th. Finally, Raymond James Financial lifted their price objective on Enerflex from C$48.00 to C$49.00 and gave the company an "outperform" rating in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Enerflex has an average rating of "Moderate Buy" and a consensus target price of C$37.69.

Enerflex Price Performance

Shares of Enerflex stock traded down C$1.34 during trading hours on Friday, reaching C$34.89. The company's stock had a trading volume of 329,770 shares, compared to its average volume of 734,588. The stock has a market cap of C$4.26 billion, a P/E ratio of 79.30 and a beta of 2.04. Enerflex has a one year low of C$14.86 and a one year high of C$39.95. The company has a debt-to-equity ratio of 51.03, a current ratio of 1.19 and a quick ratio of 1.20. The firm has a 50 day moving average price of C$30.51 and a 200-day moving average price of C$32.45.

Enerflex (TSE:EFX - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.36 EPS for the quarter. The company had revenue of C$826.90 million for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. On average, analysts predict that Enerflex will post 0.734413 EPS for the current 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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