Badger Infrastructure Solutions (TSE:BDGI) Hits New 1-Year High Following Analyst Upgrade

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s share price reached a new 52-week high on Monday after Raymond James Financial raised their price target on the stock from C$77.00 to C$98.00. The stock traded as high as C$93.45 and last traded at C$92.60, with a volume of 19694 shares traded. The stock had previously closed at C$90.33.

Other equities analysts have also recently issued research reports about the stock. National Bank Financial raised shares of Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 target price on the stock in a research report on Friday, May 1st. BMO Capital Markets decreased their price target on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating for the company in a research report on Friday, March 6th. Canaccord Genuity Group upgraded Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$70.00 to C$90.00 in a report on Monday, May 4th. TD Securities cut their price objective on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Finally, Acumen Capital reduced their price objective on Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Badger Infrastructure Solutions has a consensus rating of “Moderate Buy” and a consensus price target of C$85.13.

Badger Infrastructure Solutions Price Performance

The company has a debt-to-equity ratio of 101.90, a quick ratio of 1.49 and a current ratio of 1.35. The company has a market cap of C$3.19 billion, a P/E ratio of 56.33 and a beta of 0.75. The firm has a 50 day moving average price of C$73.60 and a two-hundred day moving average price of C$72.90.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. The business had revenue of C$282.57 million for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%. On average, analysts predict that Badger Infrastructure Solutions Ltd. 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. 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.