Enerflex (TSE:EFX) Upgraded at National Bank Financial

Key Points

• National Bank Financial upgraded Enerflex (TSE:EFX) from a "hold" to a "strong-buy," according to a research note issued Thursday.
• Several other analysts have raised price targets and ratings recently — including Raymond James (C$40), BMO (C$35, "outperform") and TD (C$39, "buy") — leaving a consensus mix of 1 Strong Buy, 5 Buy and 2 Hold with an average target of C$26.72.
• Enerflex shares jumped about 5.5%

Enerflex (TSE:EFX - Get Free Report) was upgraded by analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a research report issued on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Raymond James Financial lifted their target price on Enerflex from C$34.00 to C$40.00 in a report on Monday, March 30th. BMO Capital Markets lifted their target price on Enerflex from C$27.00 to C$35.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Finally, TD Securities lifted their target price on Enerflex from C$28.00 to C$39.00 and gave the stock a "buy" rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$26.72.

Enerflex Trading Up 5.5%

Enerflex stock opened at C$38.74 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.13 and a debt-to-equity ratio of 64.41. Enerflex has a 52 week low of C$8.96 and a 52 week high of C$38.90. The company has a market capitalization of C$4.72 billion, a price-to-earnings ratio of 74.50 and a beta of 2.28. The stock has a 50-day moving average price of C$30.94 and a 200 day moving average price of C$24.62.

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 return on equity of 5.32% and a net margin of 2.49%.The firm had revenue of C$821.97 million during the quarter. Sell-side analysts anticipate 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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