Enerflex (NYSE:EFXT) Stock Gets Downgrade from TD Securities

Enerflex (NYSE:EFXT) was downgraded by analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.

A number of other equities analysts also recently weighed in on EFXT. Canadian Imperial Bank of Commerce set a $35.00 target price on shares of Enerflex and gave the stock an “outperform” rating in a research note on Tuesday, October 13th. Weiss Ratings upgraded Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Zacks Research upgraded Enerflex from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research report on Friday, October 16th. Finally, Wall Street Zen raised Enerflex from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Enerflex Price Performance

Enerflex stock opened at $18.88 on Wednesday. The stock’s 50 day moving average is $23.12 and its 200 day moving average is $22.65. Enerflex has a one year low of $12.57 and a one year high of $29.15. The firm has a market cap of $2.30 billion, a P/E ratio of 32.55 and a beta of 1.79. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.89.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.12. The firm had revenue of $623.00 million during the quarter, compared to analyst estimates of $632.70 million. Enerflex had a net margin of 2.94% and a return on equity of 13.15%. As a group, research analysts expect that Enerflex will post 1.42 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EFXT. Connor Clark & Lunn Investment Management Ltd. bought a new position in Enerflex in the second quarter worth approximately $330,515,000. Bank of America Corp DE bought a new stake in shares of Enerflex during the second quarter valued at approximately $30,569,000. Dimensional Fund Advisors LP increased its holdings in shares of Enerflex by 33.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,208,011 shares of the company’s stock valued at $25,268,000 after acquiring an additional 303,398 shares in the last quarter. Cibc World Market Inc. bought a new stake in shares of Enerflex during the second quarter valued at approximately $15,851,000. Finally, TD Waterhouse Canada Inc. raised its position in shares of Enerflex by 74.7% during the second quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock worth $13,170,000 after purchasing an additional 238,574 shares during the period. 46.47% of the stock is owned by institutional investors.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.