Enerflex (EFX), the Conglomerates sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Andrew Bradford from Raymond James remains bullish on the stock and has a C$24 price target.
According to TipRanks.com, Bradford has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.8% and a 42.5% success rate. Bradford covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trican Well Service Ltd, and Precision Drilling.
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Currently, the analyst consensus on Enerflex is a Strong Buy with an average price target of C$23.50.
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.
