Raymond James Sticks to Its Buy Rating for Enerflex (EFX)
In a report released on March 27, Michael Barth, CFA from Raymond James maintained a Buy rating on Enerflex, with a price target of C$40.00. The company’s shares closed last Friday at C$29.88.
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According to TipRanks, Barth, CFA is a 5-star analyst with an average return of 34.5% and an 86.59% success rate. Barth, CFA covers the Energy sector, focusing on stocks such as Enbridge, Imperial Oil, and TC Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enerflex with a C$36.16 average price target.
Based on Enerflex’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.34 billion and a GAAP net loss of C$79.48 million. In comparison, last year the company earned a revenue of C$561 million and had a net profit of C$15 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock.
Read More on TSE:EFX:
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- Enerflex Earnings Call Highlights Cash, Backlog Strength
- Enerflex price target raised to C$39 from C$28 at TD Securities
- Enerflex Lifts Free Cash Flow, Cuts Debt and Sheds APAC Assets in Portfolio Shakeup
- Enerflex reports Q4 adjusted EBITDA $123M vs. $121M last year
- EFX Earnings Report this Week: Is It a Buy, Ahead of Earnings?
