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

Key Points

• Enerflex has a consensus analyst rating of “Moderate Buy”, with five buy ratings and three hold ratings from eight covering brokerages.
• Several firms recently raised their price targets on the stock, including BMO Capital Markets to C$35, TD Securities to C$39, and Raymond James to C$40.
• The company reported quarterly EPS of C$0.28 on revenue of C$821.97 million, and it also announced a quarterly dividend of C$0.0425 per share.

Enerflex Ltd. (TSE:EFX - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$26.72.

Several equities research analysts recently issued reports on EFX shares. BMO Capital Markets boosted their price objective on Enerflex from C$27.00 to C$35.00 and gave the company an "outperform" rating in a report on Thursday, February 26th. TD Securities boosted their price objective on Enerflex from C$28.00 to C$39.00 and gave the company a "buy" rating in a report on Friday, February 27th. Finally, Raymond James Financial boosted their price objective on Enerflex from C$34.00 to C$40.00 in a report on Monday, March 30th.

Enerflex Price Performance

EFX stock opened at C$38.74 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.20 and a debt-to-equity ratio of 64.41. The company has a market capitalization of C$4.72 billion, a PE ratio of 74.50 and a beta of 2.28. Enerflex has a 12-month low of C$8.96 and a 12-month high of C$38.90. The business's fifty day moving average price is C$30.94 and its 200 day moving average price is C$24.62.

Enerflex (TSE:EFX - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.28 earnings per share (EPS) for the quarter. The firm had revenue of C$821.97 million for the quarter. Enerflex had a return on equity of 5.32% and a net margin of 2.49%. On average, sell-side analysts anticipate that Enerflex will post 0.734413 EPS for the current year.

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 20th. Enerflex's payout ratio is currently 21.37%.

Enerflex Company Profile

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company's focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.

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