ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its price target increased by equities research analysts at ATB Cormark Capital Markets from C$52.00 to C$56.00 in a report issued on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price points to a potential upside of 50.42% from the stock’s current price.

Several other analysts have also recently issued reports on EFX. Raymond James Financial increased their target price on Enerflex from C$49.00 to C$53.00 and gave the company an “outperform” rating in a research report on Wednesday. Acumen Capital boosted their price target on Enerflex from C$42.00 to C$48.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. National Bank Financial set a C$42.50 price target on Enerflex and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Canadian Imperial Bank of Commerce upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, RBC Dominion Securities upped their price objective on Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$38.23.

Enerflex Stock Down 4.8%

Shares of EFX traded down C$1.88 during mid-day trading on Wednesday, hitting C$37.23. The company’s stock had a trading volume of 639,197 shares, compared to its average volume of 733,432. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03. The company’s 50-day moving average is C$31.15 and its 200-day moving average is C$32.78. Enerflex has a 52-week low of C$14.86 and a 52-week high of C$39.95. The firm has a market capitalization of C$4.55 billion, a price-to-earnings ratio of 84.61 and a beta of 1.87.

Enerflex (TSE:EFX) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.36 earnings per share (EPS) 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%. On average, equities research analysts forecast that Enerflex will post 0.73 EPS for the current fiscal 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.