Enerflex (NYSE:EFXT) Upgraded to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Enerflex (NYSE:EFXT) from a "hold" to a strong-buy
• Shares opened at $21.75 and trade above the 50‑day ($18.37) and 200‑day ($14.55) moving averages, with a market cap of $2.65 billion and a P/E of 42.65, notably above the consensus price target.
• Institutional investors own about 46.47% of the stock, with large fourth‑quarter position increases from Mackenzie Financial, Toronto Dominion Bank, and Man Group.

Enerflex (NYSE:EFXT - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on EFXT. Raymond James Financial downgraded Enerflex from a "strong-buy" rating to an "outperform" rating in a report on Tuesday, February 3rd. Royal Bank Of Canada restated an "outperform" rating and issued a $20.00 price target on shares of Enerflex in a report on Thursday, January 15th. Wall Street Zen downgraded shares of Enerflex from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Enerflex in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.63.

Enerflex Trading Down 1.3%

Shares of EFXT opened at $21.75 on Tuesday. The stock's 50-day moving average is $18.37 and its two-hundred day moving average is $14.55. The stock has a market cap of $2.65 billion, a PE ratio of 42.65 and a beta of 1.84. Enerflex has a 12 month low of $6.18 and a 12 month high of $23.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.81.

Institutional Investors Weigh In On Enerflex

Hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp increased its holdings in Enerflex by 4.0% during the 4th quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company's stock worth $76,327,000 after purchasing an additional 186,649 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Enerflex by 3.2% during the 4th quarter. NewEdge Advisors LLC now owns 33,744 shares of the company's stock valued at $521,000 after buying an additional 1,033 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Enerflex by 186.2% during the 4th quarter. Toronto Dominion Bank now owns 309,734 shares of the company's stock valued at $4,775,000 after buying an additional 201,523 shares during the last quarter. Numerai GP LLC acquired a new stake in shares of Enerflex during the fourth quarter worth approximately $252,000. Finally, Man Group plc grew its position in shares of Enerflex by 29.7% during the fourth quarter. Man Group plc now owns 1,104,235 shares of the company's stock worth $17,046,000 after buying an additional 252,958 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company's stock.

About Enerflex

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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