Badger Infrastructure Solutions (TSE:BDGI) Stock Price Down 3% – Should You Sell?

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) traded down 3% during mid-day trading on Wednesday . The company traded as low as C$71.73 and last traded at C$71.92. 167,421 shares traded hands during trading, an increase of 10% from the average session volume of 152,270 shares. The stock had previously closed at C$74.18.

Analyst Ratings Changes

A number of brokerages have commented on BDGI. 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 research report on Friday, November 7th. Acumen Capital raised their price target on Badger Infrastructure Solutions from C$77.25 to C$82.25 and gave the company a “buy” rating in a report on Wednesday, February 11th. National Bank Financial set a C$82.00 price objective on Badger Infrastructure Solutions and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Canadian Imperial Bank of Commerce upped their target price on shares of Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research report on Friday, November 7th. Finally, BMO Capital Markets reduced their target price on shares of Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating on the stock in a research note on Friday. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$80.91.

Badger Infrastructure Solutions Stock Performance

The company has a quick ratio of 1.49, a current ratio of 1.48 and a debt-to-equity ratio of 88.59. The stock has a market cap of C$2.25 billion, a price-to-earnings ratio of 36.64 and a beta of 0.55. The stock’s fifty day moving average is C$73.93 and its 200-day moving average is C$69.35.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.47 earnings per share for the quarter. Badger Infrastructure Solutions had a net margin of 8.10% and a return on equity of 27.08%. The company had revenue of C$280.79 million for the quarter. On average, analysts forecast that Badger Infrastructure Solutions Ltd. will post 3.3008403 EPS 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.