Enerflex (NYSE:EFXT) Stock Rating Cut to Hold at TD Securities

Enerflex (NYSE:EFXT) was downgraded by stock analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks reports.

Other analysts have also issued reports about the company. Zacks Research raised Enerflex from a “strong sell” rating to a “hold” rating in a research note on Friday, October 30th. Canadian Imperial Bank of Commerce set a $35.00 target price on Enerflex and gave the company an “outperform” rating in a report on Tuesday, October 13th. Wall Street Zen raised Enerflex from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Acumen Capital upgraded Enerflex to a “strong-buy” rating in a report on Friday, October 2nd. Finally, Royal Bank Of Canada lowered their price target on Enerflex from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Enerflex Trading Down 7.7%

NYSE:EFXT opened at $18.88 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.89. The firm has a 50-day moving average of $23.12 and a 200-day moving average of $22.65. The company has a market cap of $2.30 billion, a PE ratio of 32.55 and a beta of 1.79. Enerflex has a one year low of $12.57 and a one year high of $29.15.

Enerflex (NYSE:EFXT) last posted its earnings results on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. Enerflex had a net margin of 2.94% and a return on equity of 13.15%. The company had revenue of $623.00 million for the quarter, compared to analyst estimates of $632.70 million. As a group, equities research analysts expect that Enerflex will post 1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Enerflex

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Enerflex during the second quarter worth $330,515,000. Bank of America Corp DE bought a new position in Enerflex in the 2nd quarter valued at $30,569,000. Dimensional Fund Advisors LP grew its stake in Enerflex by 33.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,208,011 shares of the company’s stock valued at $25,268,000 after purchasing an additional 303,398 shares during the period. Cibc World Market Inc. purchased a new stake in shares of Enerflex during the 2nd quarter valued at $15,851,000. Finally, TD Waterhouse Canada Inc. increased its position in shares of Enerflex by 74.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock valued at $13,170,000 after purchasing an additional 238,574 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.