Badger Infrastructure Solutions Ltd. (TSE:BDGI) Stock Has Average Target Price of C$94.75 According to Brokerages

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$94.75.

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

Insider Activity

In related news, Director Stephen James Jones acquired 600 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average price of C$89.99 per share, for a total transaction of C$53,994.00. Following the purchase, the director owned 6,300 shares of the company’s stock, valued at C$566,937. This represents a 10.53% increase in their position. Insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Stock Up 1.3%

Shares of BDGI opened at C$90.37 on Friday. The stock has a market capitalization of C$3.04 billion, a PE ratio of 50.21 and a beta of 0.64. 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 debt-to-equity ratio of 105.14, a quick ratio of 1.49 and a current ratio of 1.34. The company’s 50-day simple moving average is C$88.22 and its 200-day simple moving average is C$84.55.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.98 EPS for the quarter. The business had revenue of C$365.33 million during the quarter. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%. Analysts forecast that Badger Infrastructure Solutions will post 3.30 earnings per share for the current fiscal 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.