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

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

Several other equities research analysts have also weighed in on EFX. Acumen Capital lifted their price target on Enerflex from C$42.00 to C$48.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Royal Bank Of Canada reduced their price target 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. RBC Dominion Securities increased their price objective on Enerflex from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. Canadian Imperial Bank of Commerce raised Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Finally, National Bank Financial increased their price target on shares of Enerflex from C$42.50 to C$45.00 and gave the stock an “outperform” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$41.03.

Enerflex Price Performance

EFX 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 1 year low of C$17.62 and a 1 year high of C$39.95. The firm has a 50-day moving average of C$32.48 and a 200 day moving average of C$31.48. The company has a market cap of C$3.23 billion, a P/E ratio of 44.81 and a beta of 1.37.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Thursday, October 29th. The company reported C$0.64 earnings per share for the quarter. Enerflex had a return on equity of 6.01% and a net margin of 3.23%. The business had revenue of C$886.92 million for the quarter. On average, sell-side analysts forecast that Enerflex will post 0.73 EPS for the current year.

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.