Stock Rating Upgrade
The Value Trend Rating for Enerflex Ltd (NYSE: EFXT) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Enerflex Ltd (NYSE: EFXT) stock closed at $5.93 on 3/18/24 after a modest decline of -1.8%. Moreover, this decline was accompanied by unusually high trading volume at 177% of normal. The stock has declined -4.8% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
EFXT is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Enerflex has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Enerflex has a very high Appreciation Score of 89 but a slightly negative Power Rating of 38, triggering the Positive Value Trend Rating.
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