Enerflex Ltd. (TSE:EFX) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Enerflex now carries a consensus analyst rating of “Moderate Buy”, with six of eight covering firms recommending buy and two hold. The average 12-month price target is C$35.28.
• Several brokerages recently raised their price targets on the stock, including Raymond James, National Bank Financial, RBC, BMO Capital Markets, and ATB Cormark, with targets ranging up to C$47.
• Insider buying and recent financial updates may be supporting sentiment: an insider bought shares in May, Enerflex reported C$0.49 EPS on C$811.93 million in quarterly revenue, and the company also paid a quarterly dividend yielding about 0.5%.

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$35.28.

A number of equities analysts have commented on the stock. Raymond James Financial lifted their price objective on shares of Enerflex from C$40.00 to C$45.00 and gave the stock an "outperform" rating in a report on Friday, May 8th. National Bank Financial set a C$42.50 price target on shares of Enerflex and gave the stock an "outperform" rating in a research report on Thursday, June 18th. Royal Bank Of Canada lifted their price target on shares of Enerflex from C$26.00 to C$31.00 and gave the company an "outperform" rating in a report on Friday, May 8th. BMO Capital Markets boosted their price objective on shares of Enerflex from C$39.00 to C$45.00 in a research report on Friday, May 8th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Enerflex from C$46.00 to C$47.00 and gave the stock an "outperform" rating in a research note on Friday, July 10th.

Insider Activity

In related news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the business's stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of C$39.00 per share, with a total value of C$49,335.00. Following the acquisition, the insider owned 5,757 shares in the company, valued at approximately C$224,523. This trade represents a 28.16% increase in their position. Over the last 90 days, insiders purchased 1,737 shares of company stock valued at $67,558. Company insiders own 0.49% of the company's stock.

Enerflex Stock Up 4.2%

Shares of Enerflex stock opened at C$33.84 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 54.47. The firm has a market cap of C$4.13 billion, a P/E ratio of 49.76 and a beta of 2.34. Enerflex has a fifty-two week low of C$10.47 and a fifty-two week high of C$39.95. The business has a 50-day moving average price of C$34.94 and a 200 day moving average price of C$30.50.

Enerflex (TSE:EFX - Get Free Report) last released its earnings results on Thursday, May 7th. The company reported C$0.49 EPS for the quarter. Enerflex had a return on equity of 7.72% and a net margin of 3.63%.The company had revenue of C$811.93 million for the quarter. On average, sell-side analysts forecast that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, May 20th. Enerflex's dividend payout ratio is presently 16.98%.

About Enerflex

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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