In a new note to investors on November 9, an analyst has provided a rating update for Enerflex (EFX). Analyst Michael Mazar from BMO Capital reiterated a Buy rating, with a C$23 price target on November 9.
Mazar has an average return of 34.4% when recommending Enerflex.
According to TipRanks.com, Mazar is ranked #2060 out of 4883 analysts.
Enerflex has an analyst consensus of Strong Buy, with a price target consensus of C$23.81, a 34.1% upside from current levels. In a report released yesterday, Scotiabank also upgraded the stock to Buy with a C$28 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$25.03 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 Tuesday at C$17.76.
