Is Buying 52-Week Stock Like Enerflex Ltd a Winning Strategy?

 Is Buying 52 Week Stock Like Enerflex Ltd a Winning Strategy?

The stock of Enerflex Ltd (TSE:EFX) hit a new 52-week high and has $18.91 target or 23.00% above today’s $15.37 share price. The 7 months bullish chart indicates low risk for the $1.36B company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $18.91 price target is reached, the company will be worth $312.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 206,168 shares traded hands. Enerflex Ltd (TSE:EFX) has risen 48.00% since April 8, 2016 and is uptrending. It has outperformed by 43.02% the S&P500.

Enerflex Ltd (TSE:EFX) Ratings Coverage

Out of 5 analysts covering Enerflex (TSE:EFX), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $23 is the highest target while $13 is the lowest. The $17.16 average target is 11.65% above today’s ($15.37) stock price. Enerflex has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, August 7, the company rating was maintained by TD Securities. IBC upgraded Enerflex Ltd (TSE:EFX) on Wednesday, September 23 to “Sector Outperformer” rating. As per Friday, August 7, the company rating was downgraded by Scotia Capital. The stock has “Buy” rating given by TD Securities on Monday, September 19. Raymond James upgraded it to “Market Perform” rating and $15 target price in Tuesday, August 11 report. On Monday, August 10 the stock rating was maintained by BMO Capital Markets with “Outperform”. The firm has “Sector Perform” rating by Scotia Capital given on Friday, August 7.

More important recent Enerflex Ltd (TSE:EFX) news were published by: Marketwired.com which released: “Enerflex Ltd. Announces $100 Million Bought Deal Financing” on August 16, 2016, also Marketwired.com published article titled: “Enerflex Ltd. Announces Closing of Bought Deal Financing Including Exercise in …”, Theglobeandmail.com published: “Enerflex Ltd. not a risk-free environment” on August 12, 2015. More interesting news about Enerflex Ltd (TSE:EFX) was released by: Reuters.com and their article: “BRIEF-Enerflex Ltd announces $100 mln bought deal financing” with publication date: August 16, 2016.

Enerflex Ltd. is a Canada-based supplier of natural gas compression, gas and oil processing, refrigeration systems and electric power equipment. The company has a market cap of $1.36 billion. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. It currently has negative earnings. The Firm operates through three divisions: Canada, USA and Rest of World.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment