Enerflex (TSE:EFX) Reaches New 52-Week High – Time to Buy?

Enerflex Ltd. (TSE:EFX) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$27.35 and last traded at C$27.26, with a volume of 278452 shares. The stock had previously closed at C$26.44.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. TD Securities lifted their target price on Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. National Bank Financial lifted their price objective on shares of Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Royal Bank Of Canada upped their target price on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Raymond James Financial lowered shares of Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price target on the stock. in a research report on Wednesday, February 4th. Finally, BMO Capital Markets boosted their price target on shares of Enerflex from C$20.00 to C$23.00 in a report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$21.47.

Enerflex Trading Up 3.4%

The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The firm has a market cap of C$3.33 billion, a P/E ratio of 24.86 and a beta of 2.41. The firm’s 50-day simple moving average is C$23.04 and its 200 day simple moving average is C$18.73.

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.