Royal Bank Of Canada Increases Enerflex (NYSE:EFXT) Price Target to $17.00

Enerflex (NYSE:EFXT) had its target price hoisted by research analysts at Royal Bank Of Canada from $15.00 to $17.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 26.82% from the stock’s previous close.

EFXT has been the topic of several other research reports. Raymond James Financial reiterated an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.13.

Enerflex Price Performance

Shares of EFXT traded up $0.04 during trading hours on Friday, reaching $13.41. 303,501 shares of the stock traded hands, compared to its average volume of 410,558. The company has a market cap of $1.64 billion, a P/E ratio of 12.89 and a beta of 2.03. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. The company’s 50-day moving average price is $11.21 and its two-hundred day moving average price is $9.01. Enerflex has a 52-week low of $6.18 and a 52-week high of $13.74.

Enerflex (NYSE:EFXT) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Enerflex had a net margin of 5.54% and a return on equity of 10.21%. The business had revenue of $777.00 million for the quarter, compared to the consensus estimate of $682.88 million. On average, analysts anticipate that Enerflex will post 0.25 earnings per share for the current year.

Institutional Trading of Enerflex

A number of institutional investors have recently bought and sold shares of the stock. 1832 Asset Management L.P. boosted its stake in shares of Enerflex by 6.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 7,509,600 shares of the company’s stock worth $59,251,000 after purchasing an additional 454,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Enerflex by 42.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company’s stock worth $48,555,000 after purchasing an additional 1,863,470 shares during the period. Mackenzie Financial Corp lifted its stake in Enerflex by 8.6% in the first quarter. Mackenzie Financial Corp now owns 4,977,243 shares of the company’s stock worth $38,459,000 after purchasing an additional 394,496 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after buying an additional 752,893 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Enerflex by 29.0% during the second quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock valued at $16,312,000 after buying an additional 466,535 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.