Stifel Nicolaus Cuts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$81.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective decreased by Stifel Nicolaus from C$85.00 to C$81.00 in a research note published on Monday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on BDGI. Canaccord Genuity Group cut Badger Infrastructure Solutions from a “buy” rating to a “hold” rating and set a C$81.00 price objective for the company. in a report on Monday, February 2nd. Canadian Imperial Bank of Commerce lowered their price objective on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research report on Monday. National Bank Financial set a C$82.00 target price on shares of Badger Infrastructure Solutions and gave the stock a “sector perform” rating in a report on Friday, January 23rd. 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 on the stock in a research note on Friday, March 6th. Finally, Acumen Capital reduced their target price on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating for the company in a report on Monday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and an average target price of C$77.13.

Badger Infrastructure Solutions Stock Performance

BDGI opened at C$64.46 on Monday. The stock has a market cap of C$2.17 billion, a PE ratio of 35.42 and a beta of 0.55. The company has a current ratio of 1.37, a quick ratio of 1.49 and a debt-to-equity ratio of 87.32. The stock’s 50 day simple moving average is C$73.20 and its 200-day simple moving average is C$69.73. Badger Infrastructure Solutions has a 1 year low of C$33.62 and a 1 year high of C$82.57.

Badger Infrastructure Solutions (TSE:BDGI) last posted its earnings results on Thursday, March 5th. The company reported C$0.47 EPS for the quarter. Badger Infrastructure Solutions had a return on equity of 24.10% and a net margin of 7.30%.The business had revenue of C$280.79 million during the quarter. Sell-side 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.