Badger Infrastructure Solutions (TSE:BDGI) Hits New 1-Year High – What’s Next?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) hit a new 52-week high on Thursday . The stock traded as high as C$79.03 and last traded at C$79.28, with a volume of 146407 shares trading hands. The stock had previously closed at C$77.45.

Analysts Set New Price Targets

Several analysts have recently commented on BDGI shares. BMO Capital Markets increased their price objective on Badger Infrastructure Solutions from C$70.00 to C$82.00 in a research note on Monday, December 8th. Stifel Nicolaus boosted their price objective on Badger Infrastructure Solutions from C$86.00 to C$88.00 in a research report on Monday, November 10th. Canaccord Genuity Group raised their price target on shares of Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. National Bankshares set a C$84.00 price objective on Badger Infrastructure Solutions and gave the company an “outperform” rating in a research note on Thursday, November 27th. Finally, TD Securities increased their price objective on Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the company a “buy” rating in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$80.29.

Badger Infrastructure Solutions Stock Up 3.0%

The stock has a fifty day moving average price of C$74.21 and a 200 day moving average price of C$64.08. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. The stock has a market capitalization of C$2.69 billion, a P/E ratio of 43.85 and a beta of 1.01.

Badger Infrastructure Solutions (TSE:BDGI) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.91 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a return on equity of 16.64% and a net margin of 5.71%.The company had revenue of C$330.48 million for the quarter. On average, research analysts forecast that Badger Infrastructure Solutions Ltd. 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.