Enerflex (TSE:EFX) Stock Rating Raised to “Strong-Buy” at Canadian Imperial Bank of Commerce

Enerflex (TSE:EFX) was upgraded by equities research analysts at Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating in a report released on Tuesday, Zacks reports.

A number of other analysts have also recently weighed in on the stock. Acumen Capital raised their target price 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. Raymond James Financial lifted their price target on shares of Enerflex from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, October 2nd. National Bank Financial set a C$42.50 price target on Enerflex and gave the company an “outperform” rating in a report on Thursday, June 18th. Finally, ATB Cormark Capital Markets upped their price target on shares of Enerflex from C$47.00 to C$52.00 and gave the company an “outperform” rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$37.69.

Enerflex Stock Performance

TSE:EFX opened at C$39.11 on Tuesday. Enerflex has a twelve month low of C$14.86 and a twelve month high of C$39.95. 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 has a 50-day moving average of C$31.15 and a 200-day moving average of C$32.78. The firm has a market cap of C$4.78 billion, a price-to-earnings ratio of 88.89 and a beta of 1.87.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.36 earnings per share (EPS) for the quarter. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. The company had revenue of C$826.90 million for the quarter. Analysts forecast that Enerflex will post 0.73 earnings per share 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.