Enerflex (TSE:EFX) Given New C$45.00 Price Target at Raymond James Financial

Enerflex (TSE:EFX) had its price target boosted by Raymond James Financial from C$40.00 to C$45.00 in a research note published on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

EFX has been the topic of a number of other research reports. TD Securities lifted their target price on Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, February 27th. National Bank Financial raised Enerflex from a “hold” rating to a “strong-buy” rating and lifted their target price for the company from C$31.50 to C$42.50 in a research report on Thursday. Finally, BMO Capital Markets lifted their target price on Enerflex from C$39.00 to C$45.00 in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$35.16.

Enerflex Stock Down 4.2%

EFX stock opened at C$37.12 on Friday. The company has a debt-to-equity ratio of 54.47, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of C$4.52 billion, a P/E ratio of 71.38 and a beta of 2.28. The business has a 50-day moving average of C$30.94 and a 200-day moving average of C$24.62. Enerflex has a fifty-two week low of C$9.32 and a fifty-two week high of C$39.95.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.28 earnings per share for the quarter. The company had revenue of C$821.97 million during the quarter. Enerflex had a return on equity of 7.72% and a net margin of 3.31%. On average, sell-side analysts anticipate that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, May 20th. Enerflex’s dividend payout ratio (DPR) is 21.37%.

Enerflex News Roundup

Here are the key news stories impacting Enerflex this week:

• Positive Sentiment: National Bank Financial upgraded Enerflex from hold to strong-buy and raised its price target to C$42.50, signaling confidence in further upside. National Bank Financial upgrade
• Positive Sentiment: ATB Cormark Capital Markets lifted its price target to C$46.00 from C$42.00 and reiterated an outperform rating, implying meaningful upside from current levels. ATB Cormark price target increase
• Positive Sentiment: Raymond James Financial raised its target to C$45.00 from C$40.00 and maintained an outperform rating, adding to the bullish analyst momentum. Raymond James price target increase
• Positive Sentiment: BMO Capital Markets increased its price target to C$45.00 from C$39.00, also reinforcing a positive outlook on the stock. BMO price target increase
• Neutral Sentiment: Enerflex declared a quarterly dividend of C$0.0425 per share, a modest payout that may support investor sentiment but is unlikely to drive the stock on its own. Dividend announcement
• Negative Sentiment: RBC raised its target to C$31.00 from C$26.00 but that is still below the current share price, which may be viewed as a cautionary signal on valuation. RBC target increase

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