ATB Capital Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its price target boosted by analysts at ATB Capital from C$12.00 to C$15.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. ATB Capital’s price target indicates a potential upside of 28.21% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. TD Securities lifted their price target on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday. Raymond James lifted their target price on Enerflex from C$12.00 to C$13.75 in a report on Friday. Finally, BMO Capital Markets lifted their target price on Enerflex from C$11.00 to C$15.00 in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$12.34.

Enerflex Price Performance

Shares of EFX stock traded up C$0.43 during mid-day trading on Friday, hitting C$11.70. 573,304 shares of the stock traded hands, compared to its average volume of 291,596. Enerflex has a twelve month low of C$5.45 and a twelve month high of C$11.92. The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of -10.17 and a beta of 1.71. The company’s 50-day simple moving average is C$8.69 and its 200-day simple moving average is C$7.84. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27.

About Enerflex

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.