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TD Securities Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex logo with Energy background

Enerflex (TSE:EFX - Get Free Report) had its price target increased by stock analysts at TD Securities from C$12.00 to C$15.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 27.66% from the company's current price.

Other analysts also recently issued research reports about the stock. BMO Capital Markets upped their price target on shares of Enerflex from C$10.00 to C$11.00 in a research report on Thursday, August 8th. ATB Capital reduced their target price on shares of Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. Finally, Raymond James raised their price target on Enerflex from C$11.75 to C$12.00 in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$12.34.

Read Our Latest Stock Analysis on EFX

Enerflex Stock Up 4.3 %

EFX stock traded up C$0.48 during midday trading on Friday, reaching C$11.75. 779,800 shares of the company were exchanged, compared to its average volume of 292,660. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. Enerflex has a 1-year low of C$5.45 and a 1-year high of C$11.92. The stock's 50-day simple moving average is C$8.77 and its 200 day simple moving average is C$7.87.

Enerflex Company Profile

(Get Free Report)

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.

Further Reading

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