Badger Infrastructure Solutions (TSE:BDGI) Given New C$80.00 Price Target at TD Securities

Badger Infrastructure Solutions (TSE:BDGI) had its price target decreased by analysts at TD Securities from C$83.00 to C$80.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 24.65% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on BDGI. Acumen Capital lowered their price objective on Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating on the stock in a report on Monday. Canadian Imperial Bank of Commerce decreased their target price on Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research report on Monday. Stifel Nicolaus dropped their price target on Badger Infrastructure Solutions from C$85.00 to C$81.00 and set a “buy” rating for the company in a research report on Monday. BMO Capital Markets reduced their price objective on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating for the company in a research note on Friday. Finally, Canaccord Genuity Group decreased their price objective on Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating on the stock in a report on Monday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.13.

Badger Infrastructure Solutions Price Performance

TSE:BDGI traded down C$2.50 during trading hours on Monday, reaching C$64.18. 339,795 shares of the company were exchanged, compared to its average volume of 167,618. The company has a current ratio of 1.37, a quick ratio of 1.49 and a debt-to-equity ratio of 87.32. The stock’s 50-day moving average is C$73.77 and its 200-day moving average is C$69.66. The firm has a market cap of C$2.17 billion, a PE ratio of 35.26 and a beta of 0.55. Badger Infrastructure Solutions has a twelve month low of C$33.62 and a twelve month high of C$82.57.

Badger Infrastructure Solutions (TSE:BDGI) last announced its earnings results on Thursday, March 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The business had revenue of C$280.79 million for the quarter. Badger Infrastructure Solutions had a net margin of 7.30% and a return on equity of 24.10%. On average, sell-side analysts anticipate that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current fiscal 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.