Enerflex Ltd. (TSE:EFX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Enerflex Ltd. (TSE:EFX – Get Free Report) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$35.66.

A number of equities analysts have issued reports on EFX shares. National Bank Financial set a C$42.50 price target on Enerflex and gave the company an “outperform” rating in a research note on Thursday, June 18th. ATB Cormark Capital Markets increased their price objective on Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Finally, Raymond James Financial raised their target price on Enerflex from C$47.00 to C$48.00 and gave the company an “outperform” rating in a report on Friday, August 7th.

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Enerflex Stock Performance

EFX opened at C$31.24 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03. The company’s fifty day moving average price is C$30.69 and its two-hundred day moving average price is C$32.24. Enerflex has a 1-year low of C$14.44 and a 1-year high of C$39.95. The company has a market cap of C$3.81 billion, a price-to-earnings ratio of 71.00 and a beta of 2.04.

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

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were paid a dividend of $0.045 per share. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, August 19th. This represents a $0.18 annualized dividend and a yield of 0.6%. Enerflex’s dividend payout ratio (DPR) is 27.03%.

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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