19:16:53 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enerflex Ltd
Symbol EFX
Shares Issued 78,538,826
Close 2014-08-26 C$ 20.99
Market Cap C$ 1,648,529,958
Recent Sedar Documents

Globe says Enerflex maintained at "outperform"

2014-08-27 05:55 ET - In the News

The Globe and Mail reports in its Wednesday, Aug. 27, edition that Enerflex ($20.99)) has had several consecutive quarters of strong bookings, which Raymond James analyst Andrew Bradford says lends support to the company's earnings growth. The Globe's Tim Shufelt and Jody White write in the Eye On Equities column that Mr. Bradford raised his target price on Enerflex to $24.50 from $22, while maintaining an "outperform" rating. Mr. Bradford says: "The primary sources of the increased demand were customers in the Eagle Ford and Marcellus plays. ... We doubt Enerflex will sustain this absolute level of bookings, but we do note that the trend has been positive for the last seven quarters." Mr. Bradford upgraded the shares to "outperform" from "market perform" and raised his price target to $19 from $15.50 in the Eye column on March 5. The shares could then be had for $16.60. TD Securities analyst Scott Treadwell hiked Enerflex to "buy" in The Globe on June 4, when it could be had for $18.99. Mr. Treadwell raised his price target on the shares of Enerflex to $24 from $22 and reiterated his "buy" rating in the Eye column on Aug. 9. Enerflex shares could then be had for $19.80.

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