Acumen Capital Forecasts Strong Price Appreciation for Badger Infrastructure Solutions (TSE:BDGI) Stock

Badger Infrastructure Solutions (TSE:BDGI) had its price target raised by investment analysts at Acumen Capital from C$77.25 to C$82.25 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Acumen Capital’s target price suggests a potential upside of 20.90% from the company’s previous close.

A number of other equities analysts also recently commented on BDGI. TD Securities upped their price objective on shares of Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Canaccord Genuity Group lowered Badger Infrastructure Solutions from a “buy” rating to a “hold” rating and set a C$81.00 price target on the stock. in a research note on Monday, February 2nd. Canadian Imperial Bank of Commerce increased their price objective on shares of Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research report on Friday, November 7th. Stifel Nicolaus decreased their price target on shares of Badger Infrastructure Solutions from C$88.00 to C$85.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, BMO Capital Markets upped their price target on Badger Infrastructure Solutions from C$82.00 to C$85.00 in a research report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$81.53.

Badger Infrastructure Solutions Stock Down 1.5%

Shares of TSE BDGI traded down C$1.06 during mid-day trading on Wednesday, reaching C$68.03. 87,935 shares of the company were exchanged, compared to its average volume of 137,372. The stock has a market cap of C$2.30 billion, a price-to-earnings ratio of 37.38 and a beta of 0.84. The firm has a 50-day moving average of C$75.57 and a 200 day moving average of C$67.49. Badger Infrastructure Solutions has a 1 year low of C$33.62 and a 1 year high of C$82.57. 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 issued its earnings results on Wednesday, November 5th. The company reported C$0.91 EPS for the quarter. The firm had revenue of C$330.48 million for the quarter. Badger Infrastructure Solutions had a return on equity of 16.64% and a net margin of 5.71%. On average, research analysts expect that Badger Infrastructure Solutions will post 3.3008403 earnings per share 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.