Enerflex (TSE:EFX) Price Target Raised to C$18.25 at Raymond James Financial

Key Points

• Raymond James Financial has increased its price target for Enerflex (TSE:EFX) from C$17.75 to C$18.25, indicating a potential upside of 47.89%.
• Other analysts have also raised their target prices, with TD Securities setting a new target of C$17.00 and BMO Capital raising theirs to C$16.00, reflecting a consensus rating of "Moderate Buy."
• Enerflex's stock has recently traded at C$12.34, with a market capitalization of C$1.54 billion and a debt-to-equity ratio of 81.27.

Enerflex (TSE:EFX - Get Free Report) had its price target raised by investment analysts at Raymond James Financial from C$17.75 to C$18.25 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Raymond James Financial's price target would suggest a potential upside of 36.40% from the stock's previous close. Raymond James Financial also issued estimates for Enerflex's FY2028 earnings at $1.93 EPS.

A number of other analysts also recently weighed in on the stock. TD Securities increased their price target on shares of Enerflex from C$15.00 to C$17.00 and gave the company a "buy" rating in a research report on Friday, August 8th. ATB Capital increased their target price on Enerflex from C$16.50 to C$19.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, BMO Capital Markets increased their target price on Enerflex from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$16.88.

Enerflex Trading Up 1.5%

Shares of TSE:EFX traded up C$0.20 during mid-day trading on Friday, reaching C$13.38. The stock had a trading volume of 82,693 shares, compared to its average volume of 498,263. The firm has a market cap of C$1.66 billion, a PE ratio of -14.54 and a beta of 1.71. The firm has a 50 day simple moving average of C$10.98 and a two-hundred day simple moving average of C$10.86. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. Enerflex has a twelve month low of C$7.23 and a twelve month high of C$15.22.

Insider Activity

In other news, Senior Officer Gregory Dean Stewart sold 10,130 shares of Enerflex stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of C$10.80, for a total value of C$109,437.43. 0.49% of the stock is owned by company insiders.

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.