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

Key Points

• BMO Capital Markets raised its price target on Enerflex to C$45, implying roughly a 20% upside from the current share price.
• Other brokers also lifted targets (TD C$39 buy, Raymond James C$40, National Bank C$42.50 strong-buy), leaving a MarketBeat consensus of Moderate Buy with a consensus target of C$35.16.
• Enerflex last traded at C$37.50; it reported quarterly EPS of C$0.28 on C$821.97M revenue and currently trades at a PE of 72.12, indicating a relatively rich valuation.

Enerflex (TSE:EFX - Get Free Report) had its price objective boosted by equities researchers at BMO Capital Markets from C$39.00 to C$45.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets' price objective points to a potential upside of 20.00% from the company's current price.

Several other equities analysts have also commented on the company. TD Securities upped their price target on Enerflex from C$28.00 to C$39.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Raymond James Financial raised their price objective on shares of Enerflex from C$34.00 to C$40.00 in a report on Monday, March 30th. Finally, National Bank Financial raised Enerflex from a "hold" rating to a "strong-buy" rating and lifted their price target for the stock from C$31.50 to C$42.50 in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$35.16.

Enerflex Price Performance

EFX traded down C$1.24 on Friday, reaching C$37.50. 414,225 shares of the company's stock were exchanged, compared to its average volume of 736,601. The stock has a market cap of C$4.57 billion, a PE ratio of 72.12 and a beta of 2.28. Enerflex has a twelve month low of C$9.32 and a twelve month high of C$39.95. The stock's fifty day moving average price is C$30.94 and its 200-day moving average price is C$24.62. The company has a debt-to-equity ratio of 64.41, a current ratio of 1.13 and a quick ratio of 1.20.

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

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