Badger Infrastructure Solutions Ltd. (TSE:BDGI) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$94.75.

BDGI has been the topic of a number of research reports. Raymond James Financial increased their target price on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. National Bank Financial boosted their price target on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Canaccord Genuity Group upped their price objective on Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 8th.

Badger Infrastructure Solutions Trading Down 6.9%

Shares of BDGI stock opened at C$81.93 on Friday. Badger Infrastructure Solutions has a 1-year low of C$59.98 and a 1-year high of C$102.12. The company has a market cap of C$2.76 billion, a price-to-earnings ratio of 45.52 and a beta of 0.64. The company has a debt-to-equity ratio of 105.14, a current ratio of 1.34 and a quick ratio of 1.49. The stock has a 50 day simple moving average of C$88.09 and a 200-day simple moving average of C$85.43.

Badger Infrastructure Solutions (TSE:BDGI) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.98 earnings per share (EPS) for the quarter. The firm had revenue of C$365.33 million for the quarter. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%. On average, equities research analysts expect that Badger Infrastructure Solutions will post 3.30 EPS for the current fiscal year.

Insider Transactions at Badger Infrastructure Solutions

In related news, Director Stephen James Jones purchased 600 shares of Badger Infrastructure Solutions stock in a transaction on Monday, August 17th. The shares were bought at an average price of C$89.99 per share, with a total value of C$53,994.00. Following the transaction, the director directly owned 6,300 shares of the company’s stock, valued at approximately C$566,937. This trade represents a 10.53% increase in their ownership of the stock. 0.33% of the stock is owned by corporate insiders.

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.