Enerflex (NYSE:EFXT) Stock Price Target Raised at Canadian Imperial Bank of Commerce

Enerflex (NYSE:EFXT) had its target price boosted by analysts at Canadian Imperial Bank of Commerce from $27.50 to $30.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 20.31% from the company’s current price.

EFXT has been the topic of a number of other research reports. Zacks Research downgraded shares of Enerflex from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Weiss Ratings downgraded shares of Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen downgraded shares of Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Enerflex Stock Down 2.0%

Shares of EFXT stock traded down $0.51 during mid-day trading on Friday, hitting $24.93. The company’s stock had a trading volume of 181,275 shares, compared to its average volume of 595,694. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 57.99 and a beta of 1.80. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. Enerflex has a 52-week low of $10.57 and a 52-week high of $29.15. The business has a 50-day moving average price of $21.84 and a 200 day moving average price of $23.32.

Enerflex (NYSE:EFXT) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). Enerflex had a net margin of 2.06% and a return on equity of 11.76%. The business had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $606.78 million. Research analysts predict that Enerflex will post 1.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Enerflex

Hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new stake in Enerflex during the 2nd quarter valued at approximately $30,000. Integrated Wealth Concepts LLC bought a new position in shares of Enerflex during the second quarter worth $79,000. Deutsche Bank AG bought a new position in shares of Enerflex during the second quarter worth $158,000. Wellington Altus USA Inc. purchased a new position in Enerflex during the second quarter valued at $185,000. Finally, Gunderson Capital Management LLC bought a new stake in Enerflex in the 1st quarter valued at $203,000. Institutional investors own 46.47% of the company’s stock.

About Enerflex

Enerflex Ltd. (NYSE: EFXT) is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.