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

Key Points

• Raymond James raised Enerflex’s price target to C$48 from C$47 and maintained an “outperform” rating, implying 70.58% upside from the prior close.
• Analyst sentiment remains favorable: six analysts rate Enerflex a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average target of C$35.66.
• Enerflex shares fell C$0.86 to C$28.14 in Friday trading. The company recently reported quarterly EPS of C$0.36 on revenue of C$826.90 million, with a 3.63% net margin.

Enerflex (TSE:EFX - Get Free Report) had its price objective upped by stock analysts at Raymond James Financial from C$47.00 to C$48.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Raymond James Financial's target price points to a potential upside of 70.58% from the company's previous close.

A number of other analysts have also weighed in on the stock. ATB Cormark Capital Markets raised their target price on shares of Enerflex from C$46.00 to C$47.00 and gave the company an "outperform" rating in a research report on Friday, July 10th. Royal Bank Of Canada increased their price target on Enerflex from C$26.00 to C$31.00 and gave the company an "outperform" rating in a research note on Friday, May 8th. BMO Capital Markets raised their price objective on Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. Finally, National Bank Financial set a C$42.50 price objective on Enerflex and gave the stock an "outperform" rating in a research report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$35.66.

Enerflex Price Performance

TSE:EFX traded down C$0.86 during trading hours on Friday, hitting C$28.14. The company's stock had a trading volume of 692,774 shares, compared to its average volume of 702,094. Enerflex has a twelve month low of C$12.12 and a twelve month high of C$39.95. The company has a debt-to-equity ratio of 54.47, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a fifty day simple moving average of C$33.51 and a 200-day simple moving average of C$31.32. The company has a market capitalization of C$3.43 billion, a P/E ratio of 41.38 and a beta of 2.30.

Enerflex (TSE:EFX - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$826.90 million during the quarter. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. On average, analysts anticipate that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Company Profile

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.

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