National Bank Financial Increases Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$103.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective increased by equities researchers at National Bank Financial from C$74.00 to C$103.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 12.21% from the stock’s current price.

A number of other research firms have also weighed in on BDGI. Canaccord Genuity Group upped their price target 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. Stifel Nicolaus raised their price objective on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Raymond James Financial lifted their target price on shares of Badger Infrastructure Solutions from C$77.00 to C$98.00 in a research note on Friday, June 5th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Badger Infrastructure Solutions presently has a consensus rating of “Moderate Buy” and an average price target of C$93.88.

Badger Infrastructure Solutions Stock Performance

Shares of TSE BDGI traded down C$0.01 during trading on Monday, hitting C$91.79. The company had a trading volume of 64,315 shares, compared to its average volume of 165,918. Badger Infrastructure Solutions has a 12 month low of C$50.58 and a 12 month high of C$95.94. 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 firm has a market capitalization of C$3.09 billion, a P/E ratio of 54.64 and a beta of 0.81. The stock has a 50 day simple moving average of C$88.14 and a 200 day simple moving average of C$75.98.

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 company 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, analysts anticipate that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current 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.