Raymond James Financial Weighs in on Enerflex Ltd’s Q1 2017 Earnings (EFX)
Enerflex Ltd (TSE:EFX) – Stock analysts at Raymond James Financial issued their Q1 2017 EPS estimates for shares of Enerflex in a report issued on Friday. Raymond James Financial analyst A. Bradford forecasts that the brokerage will earn $0.17 per share for the quarter. Raymond James Financial currently has a “Market Perform” rating and a $14.75 price target on the stock. Raymond James Financial also issued estimates for Enerflex’s Q4 2017 earnings at $0.20 EPS, Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.24 EPS and Q3 2018 earnings at $0.24 EPS.
A number of other equities research analysts have also recently weighed in on the company. National Bank Financial boosted their price objective on Enerflex from C$12.70 to C$14.50 in a research note on Tuesday, July 19th. TD Securities boosted their price objective on Enerflex from C$13.50 to C$14.00 and gave the company a “buy” rating in a research note on Friday, August 5th. BMO Capital Markets boosted their price objective on Enerflex from C$12.00 to C$14.00 in a research note on Monday, August 8th. CIBC boosted their price objective on Enerflex from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, August 8th. Finally, Scotiabank boosted their price objective on Enerflex from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$15.47.
Enerflex (TSE:EFX) traded down 1.30% during mid-day trading on Monday, hitting $14.43. 95,521 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $13.51 and its 200-day moving average price is $11.60. Enerflex has a one year low of $8.59 and a one year high of $15.04. The stock’s market cap is $1.14 billion.
Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World.
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