Equities Analysts Issue Forecasts for Enerflex Ltd’s FY2016 Earnings (EFX)
Enerflex Ltd (TSE:EFX) – Stock analysts at National Bank Financial lowered their FY2016 earnings estimates for shares of Enerflex in a report issued on Wednesday. National Bank Financial analyst G. Colman now anticipates that the brokerage will post earnings of ($0.50) per share for the year, down from their previous forecast of ($0.47). National Bank Financial currently has a “Outperform” rating and a $17.25 target price on the stock. National Bank Financial also issued estimates for Enerflex’s Q4 2016 earnings at $0.23 EPS and FY2017 earnings at $1.12 EPS.
Other research analysts also recently issued research reports about the stock. CIBC boosted their target price on shares of Enerflex from C$17.50 to C$18.50 in a research report on Wednesday, October 19th. BMO Capital Markets boosted their target price on shares of Enerflex from C$12.00 to C$14.00 in a research report on Monday, August 8th. TD Securities boosted their target price on shares of Enerflex from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Raymond James Financial Inc. downgraded shares of Enerflex from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 10th. Finally, Scotiabank reiterated an “outperform” rating and set a C$18.00 target price on shares of Enerflex in a research report on Thursday, November 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Enerflex has an average rating of “Buy” and a consensus price target of C$16.14.
Enerflex Company Profile
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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