Posted by admin on Aug 13th, 2022
Enerflex (TSE:EFX – Get Rating) had its price target raised by research analysts at BMO Capital Markets from C$9.00 to C$10.00 in a research note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 56.25% from the stock’s previous close.
A number of other brokerages have also weighed in on EFX. TD Securities raised their price objective on Enerflex from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Thursday, May 5th. Raymond James decreased their price objective on Enerflex from C$14.00 to C$13.00 and set a “strong-buy” rating on the stock in a report on Monday, July 11th. Finally, ATB Capital decreased their price objective on Enerflex from C$12.50 to C$12.25 and set a “buy” rating on the stock in a report on Friday, May 6th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$11.31.
Shares of TSE:EFX opened at C$6.40 on Thursday. Enerflex has a 1 year low of C$4.99 and a 1 year high of C$11.12. The firm has a market capitalization of C$573.95 million and a price-to-earnings ratio of -26.23. The company has a debt-to-equity ratio of 29.33, a current ratio of 1.86 and a quick ratio of 1.33. The business’s 50 day moving average price is C$6.12 and its 200-day moving average price is C$7.39.
Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutions, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, re-configuration, and re-packaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities.
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