Enerflex (EFX) Price Target Cut to C$23.00 by Analysts at Scotiabank

Enerflex (TSE:EFX) had its price target cut by Scotiabank from C$24.00 to C$23.00 in a report released on Monday. They currently have an outperform rating on the stock.

A number of other equities research analysts have also issued reports on the company. National Bank Financial dropped their price target on Enerflex from C$19.00 to C$18.50 and set an outperform rating for the company in a research report on Friday. Royal Bank of Canada dropped their price target on Enerflex from C$22.00 to C$21.00 and set an outperform rating for the company in a research report on Monday, February 26th. Finally, TD Securities upgraded Enerflex from a buy rating to an action list buy rating and set a C$24.00 price target for the company in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Enerflex has an average rating of Buy and a consensus target price of C$21.88.

TSE:EFX opened at C$14.77 on Monday. Enerflex has a 12 month low of C$13.74 and a 12 month high of C$19.92.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.05. The business had revenue of C$450.07 million during the quarter, compared to analyst estimates of C$356.30 million. Enerflex had a return on equity of 9.64% and a net margin of 5.93%.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Thursday, May 17th will be given a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.57%.

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.

Analyst Recommendations for Enerflex (TSE:EFX)

Receive News & Ratings for Enerflex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerflex and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply