Enerflex (TSE:EFX) Upgraded by Raymond James Financial to “Strong-Buy” Rating

Enerflex (TSE:EFX) was upgraded by Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a C$25.00 price target on the stock, up from their prior price target of C$24.50. Raymond James Financial’s price objective points to a potential upside of 16.77% from the stock’s previous close.

Several other research firms have also recently weighed in on EFX. TD Securities boosted their target price on Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. BMO Capital Markets lifted their price objective on shares of Enerflex from C$20.00 to C$23.00 in a research note on Monday, November 10th. ATB Capital increased their target price on shares of Enerflex from C$19.50 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Desjardins boosted their price target on Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research report on Monday, October 20th. Finally, CIBC increased their price objective on Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$20.97.

Enerflex Stock Up 1.3%

TSE EFX traded up C$0.28 during trading hours on Wednesday, hitting C$21.41. 245,326 shares of the company were exchanged, compared to its average volume of 486,152. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The firm has a market cap of C$2.61 billion, a price-to-earnings ratio of 19.46 and a beta of 2.16. The company has a 50 day moving average of C$17.71 and a two-hundred day moving average of C$14.09. Enerflex has a 52-week low of C$8.74 and a 52-week high of C$21.41.

Enerflex (TSE:EFX) last released its earnings results on Thursday, November 6th. The company reported C$0.30 earnings per share for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. The firm had revenue of C$1.08 billion for the quarter. Equities research analysts anticipate that Enerflex will post 0.734413 earnings per share for the current year.

Insider Activity

In related news, insider Paul Mahoney acquired 18,250 shares of Enerflex stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average price of C$13.70 per share, for a total transaction of C$250,025.00. Following the completion of the purchase, the insider directly owned 36,500 shares of the company’s stock, valued at approximately C$500,050. This trade represents a 100.00% increase in their ownership of the stock. 0.49% of the stock is owned by corporate insiders.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.