Enerflex (TSE:EFX) Price Target Raised to C$35.00

Enerflex (TSE:EFX) had its target price increased by RBC Dominion Securities from C$33.00 to C$35.00 in a research note issued to investors on Wednesday morning,BayStreet reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. ATB Cormark Capital Markets increased their price objective on shares of Enerflex from C$47.00 to C$52.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Canadian Imperial Bank of Commerce raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. National Bank Financial set a C$42.50 target price on shares of Enerflex and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Acumen Capital upped their price target on shares of Enerflex from C$42.00 to C$48.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Finally, Raymond James Financial upped their price target on shares of Enerflex from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enerflex presently has a consensus rating of “Buy” and an average target price of C$38.23.

Enerflex Stock Up 1.3%

EFX stock opened at C$35.23 on Wednesday. The stock has a market capitalization of C$4.30 billion, a P/E ratio of 80.07 and a beta of 1.87. 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 firm has a 50-day moving average price of C$31.53 and a 200-day moving average price of C$32.88.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$826.90 million for the quarter. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. As a group, equities research analysts anticipate that Enerflex will post 0.73 EPS for the current fiscal year.

Enerflex Increases Dividend

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

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.