Enerflex Ltd. (TSE:EFX) Receives C$17.46 Average Target Price from Brokerages

Enerflex Ltd. (TSE:EFX) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$17.53.

EFX has been the topic of a number of recent analyst reports. TD Securities boosted their price objective on shares of Enerflex from C$17.00 to C$19.00 in a report on Tuesday, October 14th. Royal Bank Of Canada boosted their price target on Enerflex from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Raymond James Financial raised their price objective on Enerflex from C$17.75 to C$18.25 and gave the company an “outperform” rating in a research note on Friday, August 8th. BMO Capital Markets lifted their price objective on Enerflex from C$18.00 to C$20.00 in a report on Friday, October 10th. Finally, Desjardins increased their target price on Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th.

Enerflex Stock Up 3.4%

Shares of TSE:EFX opened at C$17.43 on Monday. The company has a market capitalization of C$2.16 billion, a price-to-earnings ratio of 16.76 and a beta of 2.37. The company has a 50 day moving average of C$14.81 and a two-hundred day moving average of C$11.96. Enerflex has a 52-week low of C$8.74 and a 52-week high of C$17.45. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 18th. Enerflex’s dividend payout ratio is 9.50%.

Enerflex Company Profile

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.