ATB Capital Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its target price lifted by investment analysts at ATB Capital from C$19.50 to C$23.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price target indicates a potential upside of 22.28% from the company’s current price.

EFX has been the topic of a number of other reports. TD Securities upped their target price on shares of Enerflex from C$17.00 to C$19.00 in a research note on Tuesday, October 14th. Royal Bank Of Canada increased their price objective on shares of Enerflex from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. BMO Capital Markets lifted their price objective on shares of Enerflex from C$18.00 to C$20.00 in a research report on Friday, October 10th. Desjardins increased their target price on Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a report on Monday, October 20th. Finally, Raymond James Financial lifted their price target on Enerflex from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$19.86.

Enerflex Stock Down 0.4%

EFX stock traded down C$0.08 during mid-day trading on Friday, reaching C$18.81. The company had a trading volume of 638,623 shares, compared to its average volume of 481,200. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 18.09 and a beta of 2.28. The firm has a fifty day simple moving average of C$15.61 and a 200 day simple moving average of C$12.47. Enerflex has a fifty-two week low of C$8.74 and a fifty-two week high of C$19.40.

About Enerflex

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.