Enerflex (TSE:EFX) Stock Price Expected to Rise, Raymond James Analyst Says

Enerflex (TSE:EFX) had its target price increased by equities researchers at Raymond James from C$12.00 to C$13.75 in a report issued on Friday,BayStreet.CA reports. Raymond James’ price target points to a potential upside of 17.52% from the stock’s current price.

Several other analysts have also recently issued reports on EFX. TD Securities increased their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday. ATB Capital lowered their target price on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Finally, BMO Capital Markets increased their price target on Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Enerflex presently has an average rating of “Moderate Buy” and an average target price of C$12.34.

Enerflex Stock Performance

Shares of EFX traded up C$0.43 during trading hours on Friday, hitting C$11.70. The stock had a trading volume of 573,304 shares, compared to its average volume of 291,596. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. The firm has a 50-day moving average price of C$8.69 and a 200 day moving average price of C$7.84. Enerflex has a fifty-two week low of C$5.45 and a fifty-two week high of C$11.92. The firm has a market capitalization of C$1.45 billion, a price-to-earnings ratio of -10.17 and a beta of 1.71.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.