National Bank Financial Boosts Enerflex (EFX) Price Target to C$20.50

Enerflex (TSE:EFX) had its target price increased by investment analysts at National Bank Financial from C$18.50 to C$20.50 in a report issued on Friday, November 9th. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 23.42% from the stock’s current price. National Bank Financial also issued estimates for Enerflex’s FY2018 earnings at $1.11 EPS.

A number of other research analysts have also weighed in on the company. TD Securities lowered 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. Raymond James boosted their target price on 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 company has an average rating of “Buy” and a consensus target price of C$22.42.

Shares of TSE:EFX traded up C$0.30 during trading on Friday, hitting C$16.61. 224,019 shares of the company were exchanged, compared to its average volume of 214,593. Enerflex has a fifty-two week low of C$13.55 and a fifty-two week high of C$18.72. The company has a quick ratio of 1.58, a current ratio of 1.93 and a debt-to-equity ratio of 35.53.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Thursday, November 8th. The company reported C$0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.33 by C$0.10. The company had revenue of C$445.80 million for the quarter, compared to analyst estimates of C$404.70 million. Sell-side analysts anticipate that Enerflex will post 1.32999997918122 EPS for the current fiscal year.

In related news, insider Gregory Dean Stewart sold 35,000 shares of the company’s stock in a transaction on 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 Stephen James Savidant sold 3,000 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of C$16.46, for a total value of C$49,380.00. Over the last quarter, insiders have sold 151,500 shares of company stock valued at $2,586,595.

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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