Badger Infrastructure Solutions (TSE:BDGI) Reaches New 12-Month High – Should You Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s stock price reached a new 52-week high during mid-day trading on Friday. The company traded as high as C$100.77 and last traded at C$100.67, with a volume of 2065 shares trading hands. The stock had previously closed at C$96.20.

Analysts Set New Price Targets

BDGI has been the subject of several recent research reports. Canaccord Genuity Group increased their price target on Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a “buy” rating in a report on Friday, June 26th. National Bank Financial boosted their price objective on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Raymond James Financial upped their price objective on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce raised 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 research note on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and a consensus target price of C$94.75.

Badger Infrastructure Solutions Trading Up 1.5%

The stock has a market cap of C$3.36 billion, a PE ratio of 55.42 and a beta of 0.82. The business’s fifty day moving average is C$87.48 and its 200 day moving average is C$82.42. The company has a quick ratio of 1.49, a current ratio of 1.34 and a debt-to-equity ratio of 105.14.

Badger Infrastructure Solutions (TSE:BDGI) last issued its earnings results on Thursday, July 30th. The company reported C$0.98 earnings per share for the quarter. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%. The company had revenue of C$365.33 million for the quarter. As a group, analysts predict that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current year.

Insider Activity at Badger Infrastructure Solutions

In other news, Director Stephen James Jones purchased 600 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of C$89.99 per share, for a total transaction of C$53,994.00. Following the acquisition, the director directly owned 6,300 shares in the company, valued at approximately C$566,937. The trade was a 10.53% increase in their position. 0.33% of the stock is owned by company insiders.

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.