Canaccord Genuity Group Issues Positive Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its price objective hoisted by investment analysts at Canaccord Genuity Group from C$90.00 to C$112.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 17.98% from the company’s previous close.

A number of other equities analysts have also commented on BDGI. 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 note on Friday, March 6th. Raymond James Financial upped their price objective on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a report on Friday, June 5th. Stifel Nicolaus increased their target price on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce boosted their price target on shares of Badger Infrastructure Solutions from C$78.00 to C$85.00 in a research report on Monday, May 4th. Finally, Acumen Capital decreased their price target on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$87.88.

Badger Infrastructure Solutions Price Performance

BDGI traded up C$5.46 during trading on Friday, hitting C$94.93. 87,080 shares of the company traded hands, compared to its average volume of 170,336. The company has a current ratio of 1.35, a quick ratio of 1.49 and a debt-to-equity ratio of 101.90. The company has a market cap of C$3.20 billion, a PE ratio of 56.51 and a beta of 0.75. The stock’s 50-day simple moving average is C$81.60 and its two-hundred day simple moving average is C$74.68. Badger Infrastructure Solutions has a 1 year low of C$46.85 and a 1 year high of C$95.94.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 EPS for the quarter. The business had revenue of C$282.57 million for the quarter. Badger Infrastructure Solutions had a net margin of 7.11% and a return on equity of 23.71%. As a group, sell-side analysts anticipate that Badger Infrastructure Solutions will post 3.3008403 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.