Badger Infrastructure Solutions (TSE:BDGI) Price Target Lowered to C$80.00 at Canadian Imperial Bank of Commerce

Badger Infrastructure Solutions (TSE:BDGI) had its price objective reduced by investment analysts at Canadian Imperial Bank of Commerce from C$86.00 to C$80.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 25.89% from the company’s current price.

A number of other research firms have also issued reports on BDGI. BMO Capital Markets lowered their target price on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating on the stock in a report on Friday. National Bank Financial set a C$82.00 price objective on shares of Badger Infrastructure Solutions and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Canaccord Genuity Group downgraded shares of Badger Infrastructure Solutions from a “buy” rating to a “hold” rating and set a C$81.00 target price on the stock. in a report on Monday, February 2nd. Acumen Capital increased their target price on shares of Badger Infrastructure Solutions from C$77.25 to C$82.25 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus reduced their target price on shares of Badger Infrastructure Solutions from C$88.00 to C$85.00 and set a “buy” rating for the company in a report on Friday, February 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Badger Infrastructure Solutions has an average rating of “Moderate Buy” and an average price target of C$77.13.

Badger Infrastructure Solutions Price Performance

BDGI traded down C$3.13 during trading on Monday, reaching C$63.55. The stock had a trading volume of 309,703 shares, compared to its average volume of 167,028. The stock has a 50 day moving average of C$73.77 and a two-hundred day moving average of C$69.66. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 87.32. The firm has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 34.92 and a beta of 0.55. Badger Infrastructure Solutions has a 1-year low of C$33.62 and a 1-year high of C$82.57.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a return on equity of 24.10% and a net margin of 7.30%.The company had revenue of C$280.79 million for the quarter. As a group, equities analysts anticipate that Badger Infrastructure Solutions will post 3.3008403 EPS for the current fiscal year.

About Badger Infrastructure Solutions

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. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.