Enerflex (TSE:EFX) Stock Price Expected to Rise, ATB Capital Analyst Says

Key Points

• Analysts at ATB Capital raised their target price for Enerflex (TSE:EFX) from C$19.00 to C$19.50, indicating a potential upside of 15.18% based on the stock's previous close.
• A number of research firms, including BMO Capital Markets and Royal Bank of Canada, have also increased their price targets for Enerflex, reflecting a positive consensus among analysts.
• Enerflex's stock is currently trading at C$16.93 after a 4.7% increase, with a market capitalization of C$2.10 billion and a price-to-earnings ratio of 16.28.

Enerflex (TSE:EFX - Get Free Report) had its price objective raised by analysts at ATB Capital from C$19.00 to C$19.50 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. ATB Capital's price objective points to a potential upside of 15.18% from the stock's previous close.

A number of other research firms have also recently issued reports on EFX. BMO Capital Markets increased their target price on Enerflex from C$18.00 to C$20.00 in a research note on Friday, October 10th. Royal Bank Of Canada raised their price target on shares of Enerflex from C$13.00 to C$15.00 and gave the stock an "outperform" rating in a research note on Thursday, September 25th. Raymond James Financial raised their price target on shares of Enerflex from C$17.75 to C$18.25 and gave the stock an "outperform" rating in a research note on Friday, August 8th. TD Securities raised their price target on shares of Enerflex from C$17.00 to C$19.00 in a research note on Tuesday, October 14th. Finally, Desjardins raised their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the stock a "sector perform" rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Enerflex currently has a consensus rating of "Moderate Buy" and a consensus price target of C$17.53.

Enerflex Stock Up 4.7%

TSE EFX traded up C$0.76 during trading hours on Thursday, reaching C$16.93. 345,177 shares of the company's stock were exchanged, compared to its average volume of 477,861. The company's 50-day moving average is C$14.65 and its two-hundred day moving average is C$11.81. Enerflex has a one year low of C$8.74 and a one year high of C$16.97. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 16.28 and a beta of 2.37.

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.

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