Analysts Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Target Price at C$77.13

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$77.13.

A number of equities research analysts have recently issued reports on BDGI shares. Stifel Nicolaus cut their price objective on shares of Badger Infrastructure Solutions from C$85.00 to C$81.00 and set a “buy” rating for the company in a research report on Monday, March 9th. National Bank Financial cut their price objective on shares of Badger Infrastructure Solutions from C$82.00 to C$74.00 and set a “sector perform” rating for the company in a research report on Monday, March 9th. Acumen Capital cut their price objective on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Canadian Imperial Bank of Commerce cut their price objective on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research report on Monday, March 9th. Finally, Canaccord Genuity Group cut their price objective on shares of Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating for the company in a research report on Monday, March 9th.

Badger Infrastructure Solutions Trading Down 2.3%

TSE:BDGI opened at C$60.35 on Wednesday. Badger Infrastructure Solutions has a 12 month low of C$34.33 and a 12 month high of C$82.57. The company has a 50 day simple moving average of C$67.64 and a two-hundred day simple moving average of C$70.42. The company has a current ratio of 1.37, a quick ratio of 1.49 and a debt-to-equity ratio of 87.32. The company has a market cap of C$2.04 billion, a PE ratio of 34.49 and a beta of 0.86.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings data on Friday, March 6th. The company reported C$0.47 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a net margin of 7.59% and a return on equity of 25.34%. The firm had revenue of C$280.79 million during the quarter. Research analysts forecast 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.