BMO Capital Markets Issues Positive Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its price target boosted by equities researchers at BMO Capital Markets from C$70.00 to C$82.00 in a research note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 6.63% from the company’s current price.

Several other brokerages also recently weighed in on BDGI. Stifel Nicolaus upped their target price on shares of Badger Infrastructure Solutions from C$86.00 to C$88.00 in a report on Monday, November 10th. National Bankshares set a C$84.00 price objective on Badger Infrastructure Solutions and gave the company an “outperform” rating in a research report on Thursday, November 27th. Canaccord Genuity Group upped their price objective on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Raymond James Financial downgraded Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$60.00 to C$72.00 in a research note on Wednesday, October 22nd. Finally, CIBC boosted their price target on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and an average price target of C$80.29.

Badger Infrastructure Solutions Stock Performance

Shares of TSE:BDGI traded up C$0.40 during midday trading on Monday, hitting C$76.90. The company had a trading volume of 24,371 shares, compared to its average volume of 101,527. Badger Infrastructure Solutions has a 12-month low of C$33.62 and a 12-month high of C$77.28. The company has a fifty day moving average of C$69.86 and a two-hundred day moving average of C$58.37. The company has a market cap of C$2.59 billion, a price-to-earnings ratio of 42.25 and a beta of 1.05. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.91 earnings per share for the quarter. The firm had revenue of C$330.48 million for the quarter. Badger Infrastructure Solutions had a return on equity of 16.64% and a net margin of 5.71%. On average, equities research analysts expect that Badger Infrastructure Solutions will post 3.3008403 EPS for the current fiscal year.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd is North America’s provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank.