Enerflex (TSE:EFX) Reaches New 52-Week High Following Analyst Upgrade

Enerflex Ltd. (TSE:EFX)’s share price hit a new 52-week high during mid-day trading on Monday after TD Securities raised their price target on the stock from C$28.00 to C$39.00. TD Securities currently has a buy rating on the stock. Enerflex traded as high as C$32.55 and last traded at C$32.36, with a volume of 312874 shares changing hands. The stock had previously closed at C$30.61.

A number of other brokerages have also weighed in on EFX. Canadian Imperial Bank of Commerce boosted their target price on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a research note on Friday, November 7th. ATB Cormark Capital Markets set a C$26.00 price objective on Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. National Bank Financial upped their target price on Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. BMO Capital Markets increased their target price on Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Royal Bank Of Canada boosted their price target on Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$24.97.

Enerflex Stock Performance

The stock has a 50 day moving average of C$23.68 and a 200 day moving average of C$19.19. The company has a market capitalization of C$3.96 billion, a price-to-earnings ratio of 29.59 and a beta of 2.41. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27.

Enerflex (TSE:EFX) last released its quarterly earnings results on Wednesday, February 25th. The company reported C$0.28 earnings per share (EPS) for the quarter. The firm had revenue of C$821.97 million during the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. As a group, analysts predict that Enerflex Ltd. 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.