Raymond James Financial Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Key Points

• Raymond James raised its price target on Enerflex to C$45 from C$40 and kept an "outperform" rating, implying roughly a 20% upside from the prior close.
• Several other firms (TD, National Bank, BMO) also boosted targets; Enerflex has a consensus rating of Moderate Buy with an average target of C$35.16, while shares recently traded at C$37.50 and carry a P/E of 72.12.

Enerflex (TSE:EFX - Get Free Report) had its price objective lifted by research analysts at Raymond James Financial from C$40.00 to C$45.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Raymond James Financial's price target suggests a potential upside of 20.00% from the company's previous close.

Several other research firms also recently commented on EFX. TD Securities upped their price target on shares of Enerflex from C$28.00 to C$39.00 and gave the company a "buy" rating in a research note on Friday, February 27th. National Bank Financial upgraded shares of Enerflex from a "hold" rating to a "strong-buy" rating and upped their price target for the company from C$31.50 to C$42.50 in a research note on Thursday. Finally, BMO Capital Markets upped their price target on shares of Enerflex from C$39.00 to C$45.00 in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Enerflex currently has a consensus rating of "Moderate Buy" and an average price target of C$35.16.

Enerflex Stock Performance

Shares of Enerflex stock traded down C$1.24 on Friday, hitting C$37.50. The stock had a trading volume of 414,225 shares, 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 business's 50 day moving average is C$30.94 and its two-hundred day moving average is C$24.62. The company has a quick ratio of 1.20, a current ratio of 1.13 and a debt-to-equity ratio of 64.41. The stock has a market cap of C$4.57 billion, a price-to-earnings ratio of 72.12 and a beta of 2.28.

Enerflex (TSE:EFX - Get Free Report) last posted 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 company had revenue of C$821.97 million for the quarter. Analysts forecast that Enerflex will post 0.734413 EPS for the current year.

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.

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