Enerflex (TSE:EFX) Price Target Raised to C$48.00

Enerflex (TSE:EFX) had its price objective hoisted by Acumen Capital from C$42.00 to C$48.00 in a research note published on Friday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Several other research firms have also weighed in on EFX. Raymond James Financial lifted their price objective on shares of Enerflex from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday. ATB Cormark Capital Markets upped their target price on shares of Enerflex from C$47.00 to C$52.00 and gave the company an “outperform” rating in a research note on Friday. Finally, National Bank Financial set a C$42.50 target price on shares of Enerflex and gave the company an “outperform” rating in a research note on Thursday, June 18th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$37.69.

Enerflex Trading Down 3.3%

TSE:EFX opened at C$35.02 on Friday. Enerflex has a 1-year low of C$14.86 and a 1-year high of C$39.95. The business’s 50-day moving average price is C$30.57 and its two-hundred day moving average price is C$32.50. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03. The firm has a market capitalization of C$4.27 billion, a price-to-earnings ratio of 79.59 and a beta of 2.04.

Enerflex (TSE:EFX) last posted its earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share (EPS) for the quarter. The company had revenue of C$826.90 million during the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. On average, equities analysts expect that Enerflex will post 0.734413 earnings per share for the current year.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were paid a dividend of $0.0450 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Enerflex’s previous quarterly dividend of $0.0425. Enerflex’s dividend payout ratio (DPR) is currently 27.03%.

Key Enerflex News

Here are the key news stories impacting Enerflex this week:

• Positive Sentiment: Enerflex’s shares received several bullish analyst revisions. Acumen Capital raised its target from C$42 to C$48 and assigned a “buy” rating; ATB Cormark lifted its target from C$47 to C$52 with an “outperform” rating; and Raymond James increased its target from C$48 to C$49, also maintaining an “outperform” rating. These targets imply substantial potential upside from recent trading levels. Tickerreport analyst coverage
• Positive Sentiment: The company announced a 450-megawatt data-center power deal, strengthening the investment case that Enerflex can benefit from surging electricity and natural-gas infrastructure demand tied to artificial-intelligence data centers. The contract has been identified as the main catalyst behind the recent increase in investor interest. Why Enerflex Is Up After Landing a 450-Megawatt Data Center Power Deal
• Neutral Sentiment: Enerflex completed the divestiture of its Asia Pacific operations. The sale could sharpen management’s focus on core markets and support capital allocation, although exiting the region may also reduce the company’s revenue base. Enerflex Completes Asia Pacific Divestiture
• Negative Sentiment: Valuation remains a concern. Coverage has questioned whether Enerflex is priced too richly relative to its earnings, particularly given its elevated reported price-to-earnings ratio and modest profitability. Is Enerflex Priced Too Richly for Its Earnings?
• Negative Sentiment: CIBC raised its price target to C$30, but that target remains below recent trading levels, signaling a more cautious view than the other brokers and potentially weighing on sentiment. Enerflex Price Target Raised to C$30 at CIBC

About Enerflex

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.