Raymond James Financial Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Key Points

• Raymond James raised Enerflex’s price target from C$48.00 to C$49.00 while maintaining an “outperform” rating, implying 40.44% upside from the prior close.
• Analyst sentiment is broadly positive: seven analysts rate Enerflex a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average target of C$37.69.
• Enerflex reported quarterly EPS of C$0.36 and revenue of C$826.90 million. Shares closed at C$34.89, down C$1.34, with a market capitalization of approximately C$4.26 billion.

Enerflex (TSE:EFX - Get Free Report) had its target price increased by equities research analysts at Raymond James Financial from C$48.00 to C$49.00 in a research note issued on Friday, BayStreet reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's target price indicates a potential upside of 40.44% from the company's previous close.

A number of other research firms have also recently weighed in on EFX. ATB Cormark Capital Markets increased their price objective on Enerflex from C$46.00 to C$47.00 and gave the stock an "outperform" rating in a research report on Friday, July 10th. National Bank Financial set a C$42.50 price target on Enerflex and gave the stock an "outperform" rating in a research note on Thursday, June 18th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$37.69.

Enerflex Stock Performance

Shares of EFX stock traded down C$1.34 during trading hours on Friday, hitting C$34.89. The stock had a trading volume of 329,770 shares, compared to its average volume of 734,588. The firm has a market capitalization of C$4.26 billion, a PE ratio of 79.30 and a beta of 2.04. Enerflex has a twelve month low of C$14.86 and a twelve month high of C$39.95. The stock's 50 day moving average is C$30.51 and its 200 day moving average is C$32.45. 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 (TSE:EFX - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.36 EPS 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 during the quarter. As a group, research analysts forecast that Enerflex will post 0.734413 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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