Acumen Capital Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its price objective upped by equities researchers at Acumen Capital from C$42.00 to C$48.00 in a note issued to investors on Friday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s price target indicates a potential upside of 37.58% from the company’s current price.

A number of other research analysts have also weighed in on EFX. Raymond James Financial raised their target price on shares of Enerflex from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday. ATB Cormark Capital Markets lifted their price target on Enerflex from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a report on Friday. Finally, National Bank Financial set a C$42.50 price target on shares of Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$37.69.

Enerflex Price Performance

Shares of Enerflex stock traded down C$1.34 during mid-day trading on Friday, reaching C$34.89. 329,770 shares of the stock traded hands, compared to its average volume of 734,588. The stock has a market capitalization of C$4.26 billion, a PE ratio of 79.30 and a beta of 2.04. The business has a 50-day moving average of C$30.51 and a 200 day moving average of C$32.45. Enerflex has a fifty-two week low of C$14.86 and a fifty-two week high of C$39.95. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 51.03.

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

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.