Enerflex (TSE:EFX) Given New C$17.50 Price Target at Desjardins

Key Points

• The investment firm Desjardins has raised Enerflex's price target from C$14.50 to C$17.50, indicating a potential upside of 12.18% from the stock's previous close.
• Several other analysts have also upgraded their price targets for Enerflex, with TD Securities setting a target of C$19.00 and BMO Capital Markets at C$20.00.
• Enerflex's stock is currently trading around C$15.60, with an average rating of "Moderate Buy" among analysts and a consensus price target of C$17.47.

Enerflex (TSE:EFX - Get Free Report) had its price objective lifted by equities research analysts at Desjardins from C$14.50 to C$17.50 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Desjardins' price target indicates a potential upside of 12.18% from the stock's previous close.

EFX has been the subject of several other research reports. TD Securities upped their price target on Enerflex from C$17.00 to C$19.00 in a report on Tuesday, October 14th. Raymond James Financial upped their price objective on Enerflex from C$17.75 to C$18.25 and gave the company an "outperform" rating in a research note on Friday, August 8th. BMO Capital Markets upped their price objective on Enerflex from C$18.00 to C$20.00 in a research note on Friday, October 10th. Royal Bank Of Canada upped their price objective on Enerflex from C$13.00 to C$15.00 and gave the company an "outperform" rating in a research note on Thursday, September 25th. Finally, ATB Capital upped their price objective on Enerflex from C$16.50 to C$19.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Enerflex presently has an average rating of "Moderate Buy" and a consensus price target of C$17.47.

Enerflex Stock Performance

Shares of TSE EFX traded up C$0.51 during trading hours on Monday, hitting C$15.60. 100,894 shares of the company's stock were exchanged, compared to its average volume of 478,797. The company's 50-day moving average price is C$14.48 and its 200-day moving average price is C$11.71. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The stock has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 15.00 and a beta of 2.37. Enerflex has a 1-year low of C$8.74 and a 1-year high of C$16.44.

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.

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