Enerflex Ltd. (TSE:EFX) Receives C$35.16 Average Target Price from Brokerages

Shares of Enerflex Ltd. (TSE:EFX) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$35.16.

A number of brokerages recently commented on EFX. National Bank Financial set a C$42.50 price target on Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. Raymond James Financial boosted their price objective on Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada upped their price objective on Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets lifted their target price on Enerflex from C$42.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, BMO Capital Markets boosted their price target on shares of Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th.

Insider Activity

In related news, insider Gurpreet (Preet) Singh Dhindsa bought 1,265 shares of Enerflex stock in a transaction on Friday, May 8th. The stock was acquired at an average price of C$39.00 per share, with a total value of C$49,335.00. Following the acquisition, the insider directly owned 5,757 shares of the company’s stock, valued at C$224,523. This represents a 28.16% increase in their ownership of the stock. In the last 90 days, insiders acquired 1,737 shares of company stock worth $67,558. Insiders own 0.49% of the company’s stock.

Enerflex Price Performance

EFX opened at C$34.83 on Friday. Enerflex has a fifty-two week low of C$10.47 and a fifty-two week high of C$39.95. The firm has a market capitalization of C$4.24 billion, a P/E ratio of 51.22 and a beta of 2.41. The company’s 50-day moving average is C$35.62 and its 200 day moving average is C$29.30. The company has a debt-to-equity ratio of 54.47, a current ratio of 1.20 and a quick ratio of 1.20.

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

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.0425 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.17 annualized dividend and a dividend yield of 0.5%. Enerflex’s dividend payout ratio is currently 16.98%.

About Enerflex

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.