Enerflex (NYSE:EFXT) Given New $46.00 Price Target at Raymond James Financial

Enerflex (NYSE:EFXT) had its price objective hoisted by Raymond James Financial from $45.00 to $46.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 81.83% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Weiss Ratings upgraded Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Royal Bank Of Canada increased their price target on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Enerflex Trading Down 0.1%

Shares of EFXT stock traded down $0.02 on Thursday, hitting $25.30. The company had a trading volume of 267,526 shares, compared to its average volume of 602,861. The firm has a market cap of $3.09 billion, a P/E ratio of 37.77 and a beta of 1.93. The stock’s 50-day moving average is $24.07 and its two-hundred day moving average is $19.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.20. Enerflex has a twelve month low of $6.95 and a twelve month high of $29.15.

Enerflex (NYSE:EFXT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. The company had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. On average, equities research analysts anticipate that Enerflex will post 1.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enerflex

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in Enerflex by 51.4% in the first quarter. Bank of America Corp DE now owns 1,293,472 shares of the company’s stock valued at $27,059,000 after acquiring an additional 438,920 shares during the period. The Manufacturers Life Insurance Company grew its stake in Enerflex by 141.8% in the first quarter. The Manufacturers Life Insurance Company now owns 423,361 shares of the company’s stock valued at $8,848,000 after acquiring an additional 248,303 shares during the period. Lazard Asset Management LLC grew its stake in Enerflex by 32.4% in the first 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 period. Renaissance Technologies LLC lifted its position in Enerflex by 4.5% in 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 in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Enerflex by 21.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 408,015 shares of the company’s stock valued at $8,506,000 after acquiring an additional 70,818 shares in the last quarter. 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.