Enerflex (TSE:EFX) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Enerflex (TSE:EFX) had its target price boosted by equities research analysts at ATB Cormark Capital Markets from C$46.00 to C$47.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target indicates a potential upside of 38.97% from the company’s previous close.

EFX has been the subject of several other reports. Royal Bank Of Canada upped their target price on Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a report on Friday, May 8th. BMO Capital Markets increased their price objective on shares of Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. Raymond James Financial boosted their price target on shares of Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, National Bank Financial set a C$42.50 target price on shares of Enerflex and gave the stock an “outperform” rating in a report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Enerflex has a consensus rating of “Moderate Buy” and an average price target of C$35.28.

Enerflex Stock Down 0.9%

TSE EFX traded down C$0.32 during trading hours on Friday, reaching C$33.82. 237,124 shares of the company traded hands, compared to its average volume of 697,020. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 54.47. Enerflex has a 12 month low of C$10.47 and a 12 month high of C$39.95. The company has a 50 day moving average of C$35.52 and a two-hundred day moving average of C$29.80. The stock has a market capitalization of C$4.13 billion, a PE ratio of 49.74 and a beta of 2.34.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.49 earnings per share for the quarter. The firm had revenue of C$811.93 million during the quarter. Enerflex had a return on equity of 7.72% and a net margin of 3.63%. As a group, equities analysts expect that Enerflex will post 0.734413 earnings per share for the current year.

Insider Buying and Selling at Enerflex

In other news, insider Gurpreet (Preet) Singh Dhindsa acquired 1,265 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of C$39.00 per share, for a total transaction of C$49,335.00. Following the completion of the acquisition, the insider owned 5,757 shares in the company, valued at approximately C$224,523. The trade was a 28.16% increase in their ownership of the stock. Insiders have acquired 1,737 shares of company stock valued at $67,558 over the last 90 days. Corporate insiders own 0.49% of the company’s stock.

Enerflex Company Profile

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.