Enerflex Ltd. (TSE:EFX) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$35.66.

EFX has been the topic of several recent research reports. ATB Cormark Capital Markets raised their price objective on Enerflex from C$46.00 to C$47.00 and gave the company an "outperform" rating in a report on Friday, July 10th. National Bank Financial set a C$42.50 target price on Enerflex and gave the stock an "outperform" rating in a report on Thursday, June 18th. Finally, Raymond James Financial increased their target price on Enerflex from C$47.00 to C$48.00 and gave the company an "outperform" rating in a research report on Friday, August 7th.

Enerflex Price Performance

Enerflex stock opened at C$31.15 on Thursday. The company has a debt-to-equity ratio of 51.03, a quick ratio of 1.20 and a current ratio of 1.19. Enerflex has a 52 week low of C$14.11 and a 52 week high of C$39.95. The stock has a market capitalization of C$3.80 billion, a P/E ratio of 70.80 and a beta of 2.04. The stock has a fifty day moving average of C$30.86 and a 200-day moving average of C$32.13.

Enerflex (TSE:EFX - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. The business 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, sell-side analysts expect that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Enerflex's previous quarterly dividend of $0.04. Enerflex's payout ratio is presently 27.03%.

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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