Royal Bank of Canada Lowers Enerflex (EFX) Price Target to C$21.00

Paola Ditto
Marzo 2, 2018

They now have a C$106.00 target price on the financial services provider's stock. Russell Investments Group Ltd. owned about 0.24% of Royal Bank of Canada worth $288,624,000 as of its most recent SEC filing.

A number of other equities research analysts also recently weighed in on NA. Andra AP fonden raised its position in Royal Bank of Canada by 8.1% in the third quarter. Cumberland Partners Ltd now owns 361,844 shares of the financial services provider's stock worth $27,922,000 after acquiring an additional 16,450 shares in the last quarter. Parametric Portfolio Associates LLC now owns 530,570 shares of the financial services provider's stock valued at $41,040,000 after buying an additional 61,912 shares in the last quarter.

Several brokerages have commented on RY. Barclays downgraded shares of National Bank of Canada from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, December 19th. Bank of America raised Royal Bank of Canada from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 30th. Zacks Investment Research cut shares of Royal Bank of Canada from a "buy" rating to a "hold" rating in a research report on Friday, February 16th. They noted that the move was a valuation call.

BMO Capital Markets restated their market perform rating on shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) in a research report released on Monday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. National Bank of Canada presently has a consensus rating of "Hold" and an average price target of C$66.73.

Royal Bank of Canada (RY) opened at $78.40 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.89. The company has a market capitalization of $17,099.97, a P/E ratio of 11.82 and a beta of 1.33. Enerflex has a 12-month low of C$13.74 and a 12-month high of C$20.57.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Friday, December 1st. Dechaine expects that the financial services provider will earn $1.46 per share for the quarter. The company had revenue of C$1.70 billion during the quarter, compared to the consensus estimate of C$1.69 billion. National Bank of Canada had a return on equity of 18.23% and a net margin of 21.63%. sell-side analysts anticipate that National Bank of Canada will post 4.6 EPS for the current fiscal year. The firm's revenue was up 12.3% compared to the same quarter previous year.

In other news, Director Louis Vachon sold 73,232 shares of the firm's stock in a transaction on Tuesday, December 5th.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Investors of record on Wednesday, April 25th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, March 7th. Enerflex's payout ratio is now 31.82%. Finally, CIBC lowered shares of Royal Bank of Canada from an outperform rating to a neutral rating and upped their target price for the company from C$113.00 to C$114.00 in a research note on Thursday, February 1st. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

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Royal Bank of Canada (RBC), is a diversified financial services company.

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