Enerflex (NYSE:EFXT) Rating Lowered to “Hold” at Zacks Research

Enerflex (NYSE:EFXT) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on EFXT. Raymond James Financial upped their target price on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Royal Bank Of Canada raised their target price on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $28.00 target price on shares of Enerflex in a research report on Friday, May 8th. Finally, National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.33.

Enerflex Stock Performance

Enerflex stock opened at $23.06 on Monday. The firm’s 50 day simple moving average is $25.56 and its 200 day simple moving average is $21.45. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.82 billion, a PE ratio of 34.42 and a beta of 1.83. Enerflex has a 1-year low of $7.59 and a 1-year high of $29.15.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $584.00 million during the quarter, compared to analyst estimates of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. As a group, analysts expect that Enerflex will post 1.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enerflex

Institutional investors and hedge funds have recently made changes to their positions in the business. Baron Wealth Management LLC lifted its stake in Enerflex by 2.5% in the second quarter. Baron Wealth Management LLC now owns 30,530 shares of the company’s stock worth $748,000 after purchasing an additional 751 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Enerflex by 51.4% in the first quarter. Bank of America Corp DE now owns 1,293,472 shares of the company’s stock worth $27,059,000 after buying an additional 438,920 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Enerflex by 141.8% in the first quarter. The Manufacturers Life Insurance Company now owns 423,361 shares of the company’s stock worth $8,848,000 after buying an additional 248,303 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Enerflex by 32.4% in the 1st quarter. Lazard Asset Management LLC now owns 382,333 shares of the company’s stock valued at $7,999,000 after acquiring an additional 93,545 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Enerflex by 4.5% during the 1st quarter. Renaissance Technologies LLC now owns 212,200 shares of the company’s stock valued at $4,439,000 after acquiring an additional 9,100 shares during the period. Institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.