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

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$94.38.

A number of brokerages recently issued reports on BDGI. National Bank Financial decreased their price objective on shares of Badger Infrastructure Solutions from C$113.00 to C$100.00 and set an “outperform” rating for the company in a report on Monday. Raymond James Financial upped their price target on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st.

Insiders Place Their Bets

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

Badger Infrastructure Solutions Trading Up 5.2%

Shares of TSE BDGI opened at C$79.70 on Thursday. The stock has a market cap of C$2.68 billion, a price-to-earnings ratio of 45.54 and a beta of 0.65. The business has a 50 day simple moving average of C$87.58 and a 200 day simple moving average of C$81.12. The company has a debt-to-equity ratio of 109.77, a quick ratio of 1.49 and a current ratio of 1.46. Badger Infrastructure Solutions has a 52 week low of C$59.98 and a 52 week high of C$102.12.

Badger Infrastructure Solutions (TSE:BDGI) last posted its earnings results on Thursday, November 5th. The company reported C$1.37 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a net margin of 6.15% and a return on equity of 19.19%. The firm had revenue of C$407.92 million during the quarter. On average, research analysts predict that Badger Infrastructure Solutions will post 3.30 earnings per share for the current fiscal 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.