Enerflex (TSE:EFX) Stock Bumped Down to “Hold” by TD Securities

Enerflex (TSE:EFX) was downgraded by TD Securities from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks reports.

Several other equities research analysts have also recently weighed in on the stock. ATB Cormark Capital Markets increased their price target on shares of Enerflex from C$52.00 to C$56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 14th. Acumen Capital boosted their price objective on shares of Enerflex from C$42.00 to C$48.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Raymond James Financial upped their price objective on shares of Enerflex from C$49.00 to C$53.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Royal Bank Of Canada lowered their price objective on shares of Enerflex from C$35.00 to C$33.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Finally, RBC Dominion Securities increased their target price on shares of Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Enerflex has an average rating of “Buy” and an average price target of C$41.03.

Enerflex Price Performance

Shares of Enerflex stock opened at C$26.44 on Wednesday. The company has a debt-to-equity ratio of 49.79, a current ratio of 1.23 and a quick ratio of 1.20. Enerflex has a one year low of C$17.62 and a one year high of C$39.95. The business’s 50 day simple moving average is C$32.48 and its two-hundred day simple moving average is C$31.48. The stock has a market capitalization of C$3.23 billion, a P/E ratio of 44.81 and a beta of 1.37.

Enerflex (TSE:EFX) last issued its earnings results on Thursday, October 29th. The company reported C$0.64 earnings per share (EPS) for the quarter. Enerflex had a net margin of 3.23% and a return on equity of 6.01%. The firm had revenue of C$886.92 million for the quarter. Analysts forecast that Enerflex will post 0.73 EPS for the current year.

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.