Enerflex (NYSE:EFXT) Price Target Raised to $26.00

Key Points

• Royal Bank of Canada raised its price target on Enerflex to $26.00 (from $20.00) and maintained an "outperform" rating, implying about a 15.4% upside from the current price.
• The stock carries a consensus rating of "Moderate Buy" with an average analyst target of $17.63, while Enerflex traded at $22.53 midday, has a market cap of $2.74 billion and a P/E of 44.19.
• Institutional investors own about 46.47% of the company, and several funds recently established or increased positions in the stock during the latest quarters.

Enerflex (NYSE:EFXT - Get Free Report) had its price target lifted by research analysts at Royal Bank Of Canada from $20.00 to $26.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 15.40% from the company's current price.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Enerflex in a report on Wednesday, January 21st. Wall Street Zen cut Enerflex from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Zacks Research upgraded Enerflex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. Finally, Raymond James Financial cut Enerflex from a "strong-buy" rating to an "outperform" rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.63.

Enerflex Price Performance

Enerflex stock traded up $0.30 during mid-day trading on Tuesday, hitting $22.53. 255,964 shares of the company were exchanged, compared to its average volume of 618,275. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.81. The business's 50 day simple moving average is $20.50 and its two-hundred day simple moving average is $16.29. The company has a market capitalization of $2.74 billion, a P/E ratio of 44.19 and a beta of 1.83. Enerflex has a 12-month low of $6.36 and a 12-month high of $23.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFXT. Smartleaf Asset Management LLC acquired a new position in Enerflex in the fourth quarter valued at $31,000. Plato Investment Management Ltd boosted its holdings in Enerflex by 399.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company's stock valued at $72,000 after acquiring an additional 3,730 shares during the last quarter. SG Americas Securities LLC acquired a new position in Enerflex in the fourth quarter valued at $119,000. D Orazio & Associates Inc. boosted its holdings in Enerflex by 14.8% in the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company's stock valued at $125,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Shelton Capital Management acquired a new position in Enerflex in the third quarter valued at $136,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.

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