Enerflex (EFX), the Conglomerates sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Tim Monachello from AltaCorp Captial remains bullish on the stock and has a C$25.50 price target.
Monachello has an average return of 10.5% when recommending Enerflex.
According to TipRanks.com, Monachello is ranked #4938 out of 5205 analysts.
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Enerflex has an analyst consensus of Strong Buy, with a price target consensus of C$24, which is a 29.3% upside from current levels. In a report issued on February 22, Raymond James also reiterated a Buy rating on the stock with a C$24 price target.
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Based on Enerflex’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$37.6 million. In comparison, last year the company had a net profit of C$26.99 million.
Enerflex Ltd. engages in the manufacture and distribution of equipment for gas compression facilities, power plants, and other industrial institutions. it operates through the following segments: Canda, USA, and Rest of the World. The company was founded in 1980 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$18.56, close to its 52-week high of C$18.72.
