Raymond James Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its price target raised by equities research analysts at Raymond James from C$12.00 to C$13.75 in a note issued to investors on Friday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 17.02% from the stock’s current price. Raymond James also issued estimates for Enerflex’s FY2025 earnings at $0.97 EPS.

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

Enerflex Trading Up 4.3 %

TSE:EFX opened at C$11.75 on Friday. Enerflex has a 1-year low of C$5.45 and a 1-year high of C$11.92. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The firm has a market capitalization of C$1.46 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71. The business’s 50-day moving average price is C$8.77 and its two-hundred day moving average price is C$7.87.

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.