Bullboard - Stock Discussion Forum Enerflex Ltd T.EFX

Alternate Symbol(s): EFXT

Enerflex Ltd. is a Canada-based integrated global provider of energy infrastructure and energy transition solutions, delivering natural gas processing, compression, power generation, refrigeration, cryogenic, and produced water solutions. The Company's North America segment is engaged in manufacturing natural gas infrastructure under contract, refrigeration, processing, and electric power... see more

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TSX:EFX - Post Discussion

Enerflex Ltd > Enerflex at "outperform" share target 50-cent boost to $12

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Post by kijiji on Jan 28, 2022 9:06am

Enerflex at "outperform" share target 50-cent boost to $12

Monachello keeps Enerflex at "outperform"

Friday, Jan. 28, edition that ATB Capital Markets analyst Tim Monachello has reiterated his "outperform" recommendation for Enerflex. The Globe's David Leeder writes in the Eye On Equities column that Mr. Monachello gave his share target a 50-cent boost to $12.50. Analysts on average target the shares at $11. Mr. Monachello sees Enerflex as "a compelling investment opportunity despite mid-term risks and uncertainties" following its all-stock acquisition of Exterran. Mr. Monachello says in a note: "While Enerflex shares have not responded positively to the announcement (down roughly 17 per cent), we believe the combination offers strong strategic merit and an attractive value proposition. Overall, while we believe Enerflex is likely to endure a period of increased leverage and negative free cash flow over the coming 12 to 18 months following close, timelines for ongoing project deployments provide reasonable visibility to significantly improved free cash generation and leverage ratios by mid-to-late 2023."

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