Enerflex (TSE:EFX) Given New C$46.00 Price Target at ATB Cormark Capital Markets

Key Points

• ATB Cormark raised its price target on Enerflex to C$46.00 (from C$42.00) and kept an "outperform" rating, implying about a 22.7% upside from the prior close.
• Multiple brokers lifted targets and ratings this week—one analyst rates Enerflex a Strong Buy, five rate it Buy and two Hold—giving a MarketBeat consensus of "Moderate Buy" with an average price target of C$35.16.
• Enerflex last traded at C$37.50, has a 12‑month range of C$9.32–C$39.95, market cap of C$4.57 billion and a PE of 72.12; last quarter EPS was C$0.28 on C$821.97 million of revenue.

Enerflex (TSE:EFX - Get Free Report) had its price target upped by equities research analysts at ATB Cormark Capital Markets from C$42.00 to C$46.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price target would indicate a potential upside of 22.67% from the stock's previous close.

EFX has been the subject of several other reports. BMO Capital Markets raised their price target on Enerflex from C$39.00 to C$45.00 in a report on Friday. TD Securities raised their price target on Enerflex from C$28.00 to C$39.00 and gave the company a "buy" rating in a report on Friday, February 27th. National Bank Financial raised Enerflex from a "hold" rating to a "strong-buy" rating and raised their price target for the company from C$31.50 to C$42.50 in a report on Thursday. Royal Bank Of Canada raised their price target on Enerflex from C$26.00 to C$31.00 and gave the company an "outperform" rating in a report on Friday. Finally, Raymond James Financial raised their price objective on shares of Enerflex from C$40.00 to C$45.00 and gave the company an "outperform" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$35.16.

Enerflex Stock Performance

Enerflex stock traded down C$1.24 during mid-day trading on Friday, reaching C$37.50. 414,225 shares of the company were exchanged, compared to its average volume of 736,601. Enerflex has a twelve month low of C$9.32 and a twelve month high of C$39.95. The firm's 50-day simple moving average is C$30.94 and its two-hundred day simple moving average is C$24.62. The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13. The firm has a market cap of C$4.57 billion, a PE ratio of 72.12 and a beta of 2.28.

Enerflex (TSE:EFX - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported C$0.28 EPS for the quarter. Enerflex had a net margin of 2.49% and a return on equity of 5.32%. The company had revenue of C$821.97 million during the quarter. Equities analysts predict that Enerflex will post 0.734413 earnings per share for the current fiscal year.

About Enerflex

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.