Badger Infrastructure Solutions (TSE:BDGI) Given New C$85.00 Price Target at Stifel Nicolaus

Badger Infrastructure Solutions (TSE:BDGI) had its price target reduced by Stifel Nicolaus from C$88.00 to C$85.00 in a research report sent to investors on Friday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Canaccord Genuity Group cut shares of Badger Infrastructure Solutions from a “buy” rating to a “hold” rating and set a C$81.00 price target for the company. in a research report on Monday, February 2nd. National Bankshares set a C$82.00 price objective on shares of Badger Infrastructure Solutions and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce increased their price objective on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a report on Friday, November 7th. TD Securities raised their price target on Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Raymond James Financial downgraded shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from C$60.00 to C$72.00 in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Badger Infrastructure Solutions currently has an average rating of “Moderate Buy” and a consensus target price of C$81.43.

Badger Infrastructure Solutions Stock Performance

TSE BDGI opened at C$68.92 on Friday. The company has a 50-day simple moving average of C$75.73 and a two-hundred day simple moving average of C$67.10. Badger Infrastructure Solutions has a 12-month low of C$33.62 and a 12-month high of C$82.57. The firm has a market cap of C$2.33 billion, a price-to-earnings ratio of 37.87 and a beta of 0.84. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.91 earnings per share for the quarter. Badger Infrastructure Solutions had a return on equity of 16.64% and a net margin of 5.71%.The firm had revenue of C$330.48 million during the quarter. On average, equities analysts forecast that Badger Infrastructure Solutions will post 3.3008403 EPS 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.