Royal Bank Of Canada Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its price target hoisted by Royal Bank Of Canada from C$26.00 to C$31.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on EFX. National Bank Financial upgraded Enerflex from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from C$31.50 to C$42.50 in a report on Thursday. BMO Capital Markets upped their price target on Enerflex from C$39.00 to C$45.00 in a report on Friday. TD Securities upped their price target on Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Raymond James Financial upped their price target on Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$35.16.

Enerflex Trading Down 4.2%

EFX opened at C$37.12 on Friday. The company has a debt-to-equity ratio of 54.47, a current ratio of 1.20 and a quick ratio of 1.20. Enerflex has a fifty-two week low of C$9.32 and a fifty-two week high of C$39.95. The firm has a market capitalization of C$4.52 billion, a PE ratio of 71.38 and a beta of 2.28. The company’s 50-day moving average is C$30.94 and its 200 day moving average is C$24.62.

Enerflex (TSE:EFX) last posted its earnings results on Thursday, February 26th. The company reported C$0.28 earnings per share for the quarter. Enerflex had a net margin of 3.31% and a return on equity of 7.72%. The company had revenue of C$821.97 million for the quarter. As a group, research analysts predict that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, May 20th. Enerflex’s dividend payout ratio (DPR) is 21.37%.

Key Headlines Impacting Enerflex

Here are the key news stories impacting Enerflex this week:

• Positive Sentiment: National Bank Financial upgraded Enerflex from hold to strong-buy and raised its price target to C$42.50, signaling confidence in further upside. National Bank Financial upgrade
• Positive Sentiment: ATB Cormark Capital Markets lifted its price target to C$46.00 from C$42.00 and reiterated an outperform rating, implying meaningful upside from current levels. ATB Cormark price target increase
• Positive Sentiment: Raymond James Financial raised its target to C$45.00 from C$40.00 and maintained an outperform rating, adding to the bullish analyst momentum. Raymond James price target increase
• Positive Sentiment: BMO Capital Markets increased its price target to C$45.00 from C$39.00, also reinforcing a positive outlook on the stock. BMO price target increase
• Neutral Sentiment: Enerflex declared a quarterly dividend of C$0.0425 per share, a modest payout that may support investor sentiment but is unlikely to drive the stock on its own. Dividend announcement
• Negative Sentiment: RBC raised its target to C$31.00 from C$26.00 but that is still below the current share price, which may be viewed as a cautionary signal on valuation. RBC target increase

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.