Enerflex Ltd. (TSE:EFX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Enerflex Ltd. (TSE:EFX) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$35.66.

Several equities analysts have commented on EFX shares. Royal Bank Of Canada increased their target price on shares of Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. BMO Capital Markets upped their price target on Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. National Bank Financial set a C$42.50 price objective on Enerflex and gave the company an “outperform” rating in a report on Thursday, June 18th. Raymond James Financial increased their price objective on Enerflex from C$47.00 to C$48.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, ATB Cormark Capital Markets boosted their target price on Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, July 10th.

Enerflex Stock Performance

EFX stock opened at C$31.11 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 51.03. The company has a market capitalization of C$3.80 billion, a price-to-earnings ratio of 70.70 and a beta of 2.30. Enerflex has a 12 month low of C$12.92 and a 12 month high of C$39.95. The firm has a 50 day moving average of C$32.79 and a two-hundred day moving average of C$31.54.

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

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be given a $0.045 dividend. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Enerflex’s payout ratio is 27.03%.

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.