TD Securities Boosts Enerflex (TSE:EFX) Price Target to C$17.00

Key Points

• TD Securities has raised its price target for Enerflex (TSE:EFX) from C$15.00 to C$17.00, suggesting a potential upside of 37.76% based on the stock's previous close, maintaining a "buy" rating.
• Other brokerages, including ATB Capital, have also updated their price targets, with ATB raising theirs to C$19.00 while BMO Capital lowered theirs to C$14.00.
• Shares of Enerflex rose by 1.0% on Friday, trading at C$12.34, and the company has a market capitalization of C$1.54 billion.

Enerflex (TSE:EFX - Get Free Report) had its price target raised by TD Securities from C$15.00 to C$17.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target points to a potential upside of 27.06% from the stock's previous close.

Several other research firms have also recently issued reports on EFX. ATB Capital upped their price target on shares of Enerflex from C$16.50 to C$19.00 and gave the company an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets dropped their target price on shares of Enerflex from C$15.00 to C$14.00 in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$16.88.

Enerflex Stock Up 1.5%

EFX traded up C$0.20 during trading on Friday, hitting C$13.38. The company had a trading volume of 82,693 shares, compared to its average volume of 498,263. The company has a market cap of C$1.66 billion, a PE ratio of -14.54 and a beta of 1.71. The business has a 50-day moving average of C$10.98 and a 200-day moving average of C$10.86. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. Enerflex has a 1-year low of C$7.23 and a 1-year high of C$15.22.

Insider Buying and Selling at Enerflex

In related news, Senior Officer Gregory Dean Stewart sold 10,130 shares of the stock in a transaction dated 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 currently owned by company insiders.

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.