Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$85.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective boosted by stock analysts at BMO Capital Markets from C$82.00 to C$85.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 3.33% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. CIBC boosted their target price on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research note on Friday, November 7th. Raymond James Financial lowered Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from C$60.00 to C$72.00 in a report on Wednesday, October 22nd. Stifel Nicolaus lifted their target price on Badger Infrastructure Solutions from C$86.00 to C$88.00 in a research note on Monday, November 10th. National Bankshares set a C$84.00 price target on shares of Badger Infrastructure Solutions and gave the company an “outperform” rating in a research report on Thursday, November 27th. Finally, Canaccord Genuity Group raised their price objective on shares of Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Five 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$80.71.

Badger Infrastructure Solutions Stock Up 3.6%

TSE:BDGI traded up C$2.84 during trading hours on Friday, hitting C$82.26. 62,205 shares of the company traded hands, compared to its average volume of 104,435. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The firm’s 50-day simple moving average is C$74.36 and its 200-day simple moving average is C$64.19. Badger Infrastructure Solutions has a one year low of C$33.62 and a one year high of C$82.48. The company has a market cap of C$2.78 billion, a PE ratio of 45.20 and a beta of 1.01.

Badger Infrastructure Solutions (TSE:BDGI) last posted its earnings results on Wednesday, November 5th. The company reported C$0.91 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a net margin of 5.71% and a return on equity of 16.64%. The firm had revenue of C$330.48 million during the quarter. Equities analysts predict 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.