Canadian Imperial Bank of Commerce Issues Positive Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its price target raised by stock analysts at Canadian Imperial Bank of Commerce from C$85.00 to C$104.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price would suggest a potential upside of 10.29% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Canaccord Genuity Group boosted their target price on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Raymond James Financial upped their price target on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a report on Friday, June 5th. Finally, National Bank Financial upgraded Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 price target for the company in a research report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$90.25.

Badger Infrastructure Solutions Stock Up 0.6%

Shares of TSE:BDGI traded up C$0.60 during trading on Wednesday, hitting C$94.30. The company’s stock had a trading volume of 38,474 shares, compared to its average volume of 167,371. Badger Infrastructure Solutions has a fifty-two week low of C$49.26 and a fifty-two week high of C$95.94. The business has a 50 day moving average price of C$86.41 and a two-hundred day moving average price of C$75.59. 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 capitalization of C$3.17 billion, a PE ratio of 56.13 and a beta of 0.81.

Badger Infrastructure Solutions (TSE:BDGI) last posted its earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share for the quarter. The firm had revenue of C$282.57 million during the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%. As a group, 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. 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.