Badger Infrastructure Solutions (TSE:BDGI) Stock Price Up 14.7% Following Analyst Upgrade

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s share price traded up 14.7% during trading on Friday after National Bank Financial upgraded the stock from a sector perform rating to an outperform rating. National Bank Financial now has a C$74.00 price target on the stock. Badger Infrastructure Solutions traded as high as C$76.60 and last traded at C$75.39. 147,012 shares were traded during mid-day trading, a decline of 17% from the average session volume of 176,400 shares. The stock had previously closed at C$65.70.

A number of other equities analysts have also recently commented on BDGI. TD Securities decreased their target price on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Canaccord Genuity Group dropped their price target on Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating for the company in a research report on Monday, March 9th. Stifel Nicolaus lifted their price target on Badger Infrastructure Solutions from C$81.00 to C$82.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. BMO Capital Markets dropped their price target on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating for the company in a research report on Friday, March 6th. Finally, Raymond James Financial dropped their price target on Badger Infrastructure Solutions from C$83.00 to C$73.00 in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$77.38.

Badger Infrastructure Solutions Stock Up 15.6%

The company’s 50 day moving average price is C$65.06 and its two-hundred day moving average price is C$70.54. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 87.32. The stock has a market cap of C$2.56 billion, a P/E ratio of 43.38 and a beta of 0.86.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share for the quarter. The firm had revenue of C$282.57 million during the quarter. Badger Infrastructure Solutions had a net margin of 7.59% and a return on equity of 25.34%. As a group, research analysts expect that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current year.

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.