Wall Street Zen Upgrades Enerflex (NYSE:EFXT) to "Buy"

Key Points

• Wall Street Zen upgraded Enerflex to “Buy” from “Hold,” while analyst sentiment remains mixed; MarketBeat reports an overall “Moderate Buy” consensus and a $38.00 average price target.
• Enerflex reported quarterly EPS of $0.45, beating the $0.33 consensus estimate, although revenue of $623.0 million fell short of expectations of $632.7 million.
• The stock opened at $23.64, with a $2.89 billion market capitalization, and institutional investors own 46.47% of the company after several funds increased or initiated positions.

Enerflex (NYSE:EFXT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other analysts have also weighed in on the company. Zacks Research lowered Enerflex from a "hold" rating to a "strong sell" rating in a research note on Monday, August 10th. Acumen Capital raised Enerflex to a "strong-buy" rating in a research note on Friday, October 2nd. Royal Bank Of Canada lowered their target price on Enerflex from $35.00 to $33.00 and set an "outperform" rating for the company in a research note on Friday. BMO Capital Markets reissued an "outperform" rating on shares of Enerflex in a report on Friday, October 16th. Finally, Canadian Imperial Bank of Commerce set a $35.00 price target on shares of Enerflex and gave the company an "outperform" rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $23.64 on Friday. The firm has a 50 day moving average of $23.02 and a 200-day moving average of $22.55. Enerflex has a 12 month low of $12.46 and a 12 month high of $29.15. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $2.89 billion, a PE ratio of 40.76 and a beta of 1.80.

Enerflex (NYSE:EFXT - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.12. Enerflex had a net margin of 2.94% and a return on equity of 13.40%. The business had revenue of $623.00 million for the quarter, compared to analyst estimates of $632.70 million. On average, equities research analysts predict that Enerflex will post 1.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Enerflex

Large investors have recently modified their holdings of the business. Montrusco Bolton Investments Inc. increased its holdings in shares of Enerflex by 694.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 211,736 shares of the company's stock valued at $4,829,000 after acquiring an additional 185,086 shares in the last quarter. Wellington Altus USA Inc. acquired a new position in shares of Enerflex during the second quarter worth approximately $185,000. Integrated Wealth Concepts LLC bought a new position in shares of Enerflex in the 2nd quarter worth $79,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Enerflex by 74.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company's stock worth $13,170,000 after purchasing an additional 238,574 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of Enerflex in the 2nd quarter worth $8,500,000. Institutional investors own 46.47% of the company's stock.

Enerflex Company Profile

Enerflex Ltd. NYSE: EFXT is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.

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