CIBC Raises Enerflex (EFX) Price Target to C$23.00

Enerflex (TSE:EFX) had its price objective raised by CIBC from C$21.00 to C$23.00 in a research note issued to investors on Friday.

A number of other equities analysts also recently commented on the stock. National Bank Financial boosted their target price on shares of Enerflex from C$18.50 to C$20.50 and gave the stock an outperform rating in a report on Friday. TD Securities downgraded shares of Enerflex from an action list buy rating to a buy rating and boosted their target price for the stock from C$21.00 to C$22.00 in a report on Wednesday, September 5th. Finally, Raymond James boosted their target price on shares of Enerflex from C$21.25 to C$22.00 and gave the stock an outperform rating in a report on Friday, August 10th. Six investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus target price of C$22.08.

Enerflex stock traded up C$1.69 during trading hours on Friday, reaching C$18.39. The stock had a trading volume of 605,300 shares, compared to its average volume of 213,049. The company has a current ratio of 2.11, a quick ratio of 1.75 and a debt-to-equity ratio of 40.73. Enerflex has a 52 week low of C$13.55 and a 52 week high of C$18.46.

Enerflex (TSE:EFX) last announced its earnings results on Thursday, August 9th. The company reported C$0.23 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.25 by C($0.02). The business had revenue of C$404.85 million for the quarter, compared to analyst estimates of C$391.85 million. As a group, sell-side analysts anticipate that Enerflex will post 1.27999990189222 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Thursday, January 10th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This is an increase from Enerflex’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 2.28%. Enerflex’s payout ratio is currently 39.45%.

In other news, insider Gregory Dean Stewart sold 35,000 shares of the business’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of C$16.62, for a total transaction of C$581,700.00. Also, Director Anna Paravi sold 5,000 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of C$16.00, for a total value of C$80,000.00. Insiders sold 70,000 shares of company stock valued at $1,149,800 over the last quarter.

Enerflex Company Profile

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power equipment in Canada, the United States, and internationally. The company offers engineered systems, including engineering, design, fabrication, and assembly of standard and custom-designed compression, electric power, and processing solutions.

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Analyst Recommendations for Enerflex (TSE:EFX)

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