RBC Capital Keeps Their Buy Rating on Enerflex (EFX)
In a report released today, Pammi Bir from RBC Capital maintained a Buy rating on Enerflex, with a price target of $17.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Bir covers the Real Estate sector, focusing on stocks such as Primaris Real Estate Investment Trust, BTB REIT, and NorthWest Healthcare Properties REIT. According to TipRanks, Bir has an average return of 9.4% and a 62.86% success rate on recommended stocks.
In addition to RBC Capital, Enerflex also received a Buy from BMO Capital’s John Gibson CFA in a report issued on November 6. However, on November 7, CIBC maintained a Hold rating on Enerflex (TSX: EFX).
Based on Enerflex’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$615 million and a net profit of C$60 million. In comparison, last year the company earned a revenue of C$840.12 million and had a net profit of C$6.84 million
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EFX in relation to earlier this year.
Read More on TSE:EFX:
Disclaimer & DisclosureReport an Issue
- Enerflex price target raised to $17 from $15 at RBC Capital
- Enerflex price target raised to $15.25 from $11.50 at CIBC
- Enerflex price target raised to C$23 from C$20 at BMO Capital
- Enerflex price target raised to C$23 from C$19 at TD Securities
- Enerflex’s Strong Financial Performance and Strategic Positioning Justify Buy Rating
