Raymond James Financial Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its price objective raised by Raymond James Financial from C$47.00 to C$48.00 in a research report released on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. ATB Cormark Capital Markets lifted their price objective on Enerflex from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. BMO Capital Markets upped their target price on Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. Royal Bank Of Canada raised their price target on Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, National Bank Financial set a C$42.50 price target on Enerflex and gave the company an “outperform” rating in a research 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. Based on data from MarketBeat.com, Enerflex has a consensus rating of “Moderate Buy” and a consensus price target of C$35.66.

Enerflex Stock Performance

Enerflex stock opened at C$27.87 on Friday. Enerflex has a 1-year low of C$12.12 and a 1-year high of C$39.95. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 54.47. The firm has a market capitalization of C$3.40 billion, a PE ratio of 40.99 and a beta of 2.30. The firm’s 50 day simple moving average is C$33.37 and its 200 day simple moving average is C$31.30.

Enerflex (TSE:EFX) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$826.90 million during the quarter. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. As a group, analysts expect that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.045 per share. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, August 19th. This represents a $0.18 annualized dividend and a dividend yield of 0.6%. Enerflex’s dividend payout ratio is currently 16.98%.

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.