BMO Capital Markets Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its price objective increased by BMO Capital Markets from C$27.00 to C$35.00 in a research note published on Thursday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. National Bank Financial increased their price target on Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Royal Bank Of Canada increased their target price on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Canadian Imperial Bank of Commerce boosted their price target on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report on Friday, November 7th. ATB Cormark Capital Markets set a C$26.00 price objective on shares of Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. Finally, TD Securities lifted their target price on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$22.97.

Enerflex Stock Performance

Shares of TSE EFX opened at C$31.84 on Thursday. The company has a market capitalization of C$3.88 billion, a PE ratio of 28.95 and a beta of 2.41. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company’s fifty day moving average price is C$23.48 and its 200 day moving average price is C$18.98. Enerflex has a 1 year low of C$8.74 and a 1 year high of C$32.13.

Enerflex (TSE:EFX) last released its quarterly earnings data on Wednesday, February 25th. The company reported C$0.28 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 company had revenue of C$821.97 million during the quarter. On average, research analysts predict that Enerflex will post 0.734413 earnings per share for the current year.

Enerflex Company Profile

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.