Enerflex Received its Third Buy in a Row

By Austin Angelo

Analysts have been quite happy with Enerflex (TSX: EFX) stock lately as another research firm gave the stock a Buy rating yesterday. The company received a Buy rating from Scotiabank’s analyst Vladislav Vlad, with a C$30 price target.

Vlad has an average return of 6.2% when recommending Enerflex.

According to TipRanks.com, Vlad is ranked #1164 out of 4628 analysts.

Enerflex has an analyst consensus of Strong Buy, with a price target consensus of C$25.25.

Based on Enerflex’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$355 million and quarterly net profit of C$24.41 million. In comparison, last year the company earned revenue of C$253 million and had a net profit of C$16.18 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 geographical segments: Canada, USA, and Rest of World. The company was founded on June 1, 2011 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$16.28.