Enerflex Ltd. (TSE:EFX) Receives C$35.28 Consensus PT from Brokerages

Enerflex Ltd. (TSE:EFXGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$35.28.

A number of analysts have weighed in on EFX shares. BMO Capital Markets upped their price target on Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. National Bank Financial set a C$42.50 price objective on Enerflex and gave the company an “outperform” rating in a research note on Thursday, June 18th. Raymond James Financial raised their price objective on Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets boosted their target price on Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada upped their target price on Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th.

Check Out Our Latest Stock Report on EFX

Insider Activity

In other news, insider Gurpreet (Preet) Singh Dhindsa bought 1,265 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of C$39.00 per share, for a total transaction of C$49,335.00. Following the purchase, the insider owned 5,757 shares of the company’s stock, valued at C$224,523. This represents a 28.16% increase in their position. Over the last ninety days, insiders have acquired 1,737 shares of company stock worth $67,558. 0.49% of the stock is currently owned by corporate insiders.

Enerflex Stock Down 3.7%

EFX stock opened at C$30.65 on Wednesday. The company has a 50 day moving average of C$34.35 and a two-hundred day moving average of C$30.89. The company has a market cap of C$3.74 billion, a price-to-earnings ratio of 45.07 and a beta of 2.34. Enerflex has a 12-month low of C$10.47 and a 12-month high of C$39.95. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 54.47.

Enerflex (TSE:EFXGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.49 earnings per share (EPS) for the quarter. The firm had revenue of C$811.93 million during the quarter. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. On average, equities analysts anticipate that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, May 20th. Enerflex’s payout ratio is presently 16.98%.

Enerflex Company Profile

(Get Free Report)

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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Analyst Recommendations for Enerflex (TSE:EFX)

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