Enerflex Ltd. (TSE:EFX) Stock Has Average Price Target of C$40.81

Key Points

• Analysts are broadly bullish on Enerflex: all nine covering analysts rate the stock Buy or Strong Buy, with an average 12-month price target of C$40.81. Several firms recently raised their targets, including ATB Cormark to C$56 and Raymond James to C$53.
• Enerflex shares opened at C$33.90, compared with a 52-week range of C$17.49 to C$39.95, and the company has a market capitalization of approximately C$4.13 billion.
• The company reported quarterly earnings of C$0.64 per share on revenue of C$886.92 million and increased its quarterly dividend to C$0.045, or C$0.18 annually, yielding about 0.5%.

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) have earned a consensus rating of "Buy" from the nine analysts that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$40.81.

Several research firms have recently weighed in on EFX. National Bank Financial increased their price objective on shares of Enerflex from C$42.50 to C$45.00 and gave the stock an "outperform" rating in a research report on Monday. ATB Cormark Capital Markets boosted their target price on shares of Enerflex from C$52.00 to C$56.00 and gave the company an "outperform" rating in a report on Wednesday, October 14th. Raymond James Financial upped their price target on shares of Enerflex from C$49.00 to C$53.00 and gave the company an "outperform" rating in a research report on Wednesday, October 14th. Canadian Imperial Bank of Commerce upgraded Enerflex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 13th. Finally, Acumen Capital lifted their price objective on Enerflex from C$42.00 to C$48.00 and gave the stock a "buy" rating in a research report on Friday, October 2nd.

Enerflex Price Performance

EFX stock opened at C$33.90 on Friday. The company has a fifty day moving average price of C$32.20 and a 200-day moving average price of C$31.28. The company has a market capitalization of C$4.13 billion, a P/E ratio of 77.05 and a beta of 1.87. Enerflex has a 52-week low of C$17.49 and a 52-week high of C$39.95. 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 (TSE:EFX - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported C$0.64 earnings per share for the quarter. The company had revenue of C$886.92 million for the quarter. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. As a group, equities analysts expect that Enerflex will post 0.73 EPS for the current year.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were paid a $0.0450 dividend. This represents a $0.18 annualized dividend and a yield of 0.5%. This is a boost from Enerflex's previous quarterly dividend of $0.0425. The ex-dividend date of this dividend was Wednesday, August 19th. 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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