Enerflex (TSE:EFX) Price Target Raised to C$49.00

Enerflex (TSE:EFX) had its target price lifted by Raymond James Financial from C$48.00 to C$49.00 in a research note released on Friday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

EFX has been the topic of several other reports. ATB Cormark Capital Markets raised their target price on Enerflex from C$46.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, July 10th. National Bank Financial set a C$42.50 price target on Enerflex and gave the stock an “outperform” rating in a report on Thursday, June 18th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$37.69.

Enerflex Stock Down 3.3%

Shares of TSE EFX opened at C$35.02 on Friday. The stock has a fifty day moving average price of C$30.57 and a 200 day moving average price of C$32.50. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03. Enerflex has a 12-month low of C$14.86 and a 12-month high of C$39.95. The company has a market cap of C$4.27 billion, a P/E ratio of 79.59 and a beta of 2.04.

Enerflex (TSE:EFX) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.36 EPS for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%.The company had revenue of C$826.90 million for the quarter. Research analysts anticipate that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were given a $0.0450 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 19th. This is an increase from Enerflex’s previous quarterly dividend of $0.0425. Enerflex’s dividend payout ratio is currently 27.03%.

Trending Headlines about Enerflex

Here are the key news stories impacting Enerflex this week:

• Positive Sentiment: Enerflex’s shares received several bullish analyst revisions. Acumen Capital raised its target from C$42 to C$48 and assigned a “buy” rating; ATB Cormark lifted its target from C$47 to C$52 with an “outperform” rating; and Raymond James increased its target from C$48 to C$49, also maintaining an “outperform” rating. These targets imply substantial potential upside from recent trading levels. Tickerreport analyst coverage
• Positive Sentiment: The company announced a 450-megawatt data-center power deal, strengthening the investment case that Enerflex can benefit from surging electricity and natural-gas infrastructure demand tied to artificial-intelligence data centers. The contract has been identified as the main catalyst behind the recent increase in investor interest. Why Enerflex Is Up After Landing a 450-Megawatt Data Center Power Deal
• Neutral Sentiment: Enerflex completed the divestiture of its Asia Pacific operations. The sale could sharpen management’s focus on core markets and support capital allocation, although exiting the region may also reduce the company’s revenue base. Enerflex Completes Asia Pacific Divestiture
• Negative Sentiment: Valuation remains a concern. Coverage has questioned whether Enerflex is priced too richly relative to its earnings, particularly given its elevated reported price-to-earnings ratio and modest profitability. Is Enerflex Priced Too Richly for Its Earnings?
• Negative Sentiment: CIBC raised its price target to C$30, but that target remains below recent trading levels, signaling a more cautious view than the other brokers and potentially weighing on sentiment. Enerflex Price Target Raised to C$30 at CIBC

Enerflex Company Profile

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.