Badger Infrastructure Solutions (TSE:BDGI) Stock Price Target Lowered at National Bank Financial

Badger Infrastructure Solutions (TSE:BDGI) had its price target decreased by stock analysts at National Bank Financial from C$113.00 to C$100.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s target price indicates a potential upside of 30.11% from the company’s current price.

Separately, Raymond James Financial upped their target price on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Badger Infrastructure Solutions has an average rating of “Moderate Buy” and an average target price of C$94.38.

Badger Infrastructure Solutions Stock Up 2.8%

Shares of TSE:BDGI traded up C$2.12 during trading on Monday, hitting C$76.86. The company’s stock had a trading volume of 88,699 shares, compared to its average volume of 151,889. The company has a debt-to-equity ratio of 105.14, a quick ratio of 1.49 and a current ratio of 1.34. Badger Infrastructure Solutions has a fifty-two week low of C$59.98 and a fifty-two week high of C$102.12. The stock’s 50-day moving average price is C$87.92 and its two-hundred day moving average price is C$81.16. The company has a market capitalization of C$2.59 billion, a PE ratio of 42.70 and a beta of 0.65.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings results on Thursday, November 5th. The company reported C$1.37 EPS for the quarter. Badger Infrastructure Solutions had a return on equity of 24.14% and a net margin of 7.16%. The firm had revenue of C$407.92 million during the quarter. As a group, sell-side analysts expect that Badger Infrastructure Solutions will post 3.30 EPS for the current year.

Insider Activity

In related news, Director Stephen James Jones bought 600 shares of the business’s stock in a transaction dated 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 purchase, the director owned 6,300 shares in the company, valued at C$566,937. This trade represents a 10.53% increase in their position. Company insiders own 0.33% of the company’s stock.

About Badger Infrastructure Solutions

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.