Enerflex (NYSE:EFXT – Get Free Report) had its target price hoisted by analysts at Royal Bank Of Canada from $20.00 to $26.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 15.40% from the stock’s current price.
A number of other research analysts have also recently commented on the company. Wall Street Zen cut Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, January 21st. Finally, Raymond James Financial cut Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.63.
Read Our Latest Research Report on EFXT
Enerflex Stock Up 1.3%
Institutional Trading of Enerflex
Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC purchased a new stake in shares of Enerflex during the fourth quarter worth about $31,000. Plato Investment Management Ltd increased its position in shares of Enerflex by 399.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after acquiring an additional 3,730 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enerflex during the fourth quarter worth about $119,000. D Orazio & Associates Inc. increased its position in shares of Enerflex by 14.8% during the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock worth $125,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Shelton Capital Management purchased a new stake in shares of Enerflex during the third quarter worth about $136,000. 46.47% of the stock is owned by hedge funds and other institutional investors.
Enerflex Company Profile
Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.
The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.
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