Raymond James Financial Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX – Get Free Report) had its price target increased by equities research analysts at Raymond James Financial from C$48.00 to C$49.00 in a research report issued to clients and investors on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 40.44% from the company’s previous close.

Several other equities research analysts have also commented on EFX. National Bank Financial set a C$42.50 price target on Enerflex and gave the stock an “outperform” rating in a research note on Thursday, June 18th. ATB Cormark Capital Markets lifted their target price on Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and an average price target of C$37.69.

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Enerflex Trading Down 3.7%

TSE EFX traded down C$1.34 during mid-day trading on Friday, reaching C$34.89. 329,770 shares of the stock were exchanged, compared to its average volume of 734,588. Enerflex has a 1-year low of C$14.86 and a 1-year high of C$39.95. The business’s fifty day simple moving average is C$30.51 and its 200 day simple moving average is C$32.45. The stock has a market capitalization of C$4.26 billion, a PE ratio of 79.30 and a beta of 2.04. The company has a debt-to-equity ratio of 51.03, a quick ratio of 1.20 and a current ratio of 1.19.

Enerflex (TSE:EFX – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.36 EPS for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%.The firm had revenue of C$826.90 million during the quarter. On average, research analysts anticipate that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Company Profile

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Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.

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