Enerflex Ltd. (TSE:EFX) Stock Has Consensus Price Target of C$40.81 According to Brokerages

Enerflex Ltd. (TSE:EFX) has been given a consensus recommendation of “Buy” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$41.03.

A number of equities analysts have weighed in on the stock. RBC Dominion Securities upped their price target on shares of Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 14th. Raymond James Financial raised 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 report on Wednesday, October 14th. Royal Bank Of Canada decreased their target price on Enerflex from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Friday, October 30th. Canadian Imperial Bank of Commerce raised Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Finally, ATB Cormark Capital Markets upped their price target on Enerflex from C$52.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 14th.

Enerflex Stock Down 7.2%

TSE EFX opened at C$26.44 on Friday. The stock’s 50-day moving average price is C$32.48 and its 200-day moving average price is C$31.48. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 49.79. Enerflex has a 52 week low of C$17.62 and a 52 week high of C$39.95. The company 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 announced its quarterly earnings data on Thursday, October 29th. The company reported C$0.64 earnings per share (EPS) for the quarter. The company had revenue of C$886.92 million during the quarter. Enerflex had a return on equity of 6.01% and a net margin of 3.23%. On average, equities research analysts predict that Enerflex will post 0.73 earnings per share for the current year.

Enerflex Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 25th will be issued a $0.0350 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, November 12th. This is a negative change from Enerflex’s previous quarterly dividend of $0.0450. Enerflex’s payout ratio is 20.72%.

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.