Badger Infrastructure Solutions Ltd. (TSE:BDGI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$85.13.

Several research analysts have recently issued reports on the company. TD Securities reduced their price target on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. BMO Capital Markets reduced their price target on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Canadian Imperial Bank of Commerce lifted their target price on Badger Infrastructure Solutions from C$78.00 to C$85.00 in a report on Monday, May 4th. Stifel Nicolaus lifted their target price on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Canaccord Genuity Group upgraded Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$70.00 to C$90.00 in a report on Monday, May 4th.

Badger Infrastructure Solutions Price Performance

TSE:BDGI opened at C$91.05 on Monday. Badger Infrastructure Solutions has a 12-month low of C$44.89 and a 12-month high of C$95.94. The company has a quick ratio of 1.49, a current ratio of 1.35 and a debt-to-equity ratio of 101.90. The firm has a market capitalization of C$3.07 billion, a P/E ratio of 54.20 and a beta of 0.75. The stock’s fifty day simple moving average is C$76.60 and its 200-day simple moving average is C$73.63.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%.The business had revenue of C$282.57 million for the quarter. Equities research analysts expect 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.