Badger Infrastructure Solutions (TSE:BDGI) Price Target Cut to C$73.00 by Analysts at Raymond James Financial

Badger Infrastructure Solutions (TSE:BDGI) had its price target trimmed by Raymond James Financial from C$83.00 to C$73.00 in a report released on Wednesday,BayStreet.CA reports.

Several other brokerages have also commented on BDGI. TD Securities reduced their price objective on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. National Bank Financial decreased their price target on shares of Badger Infrastructure Solutions from C$82.00 to C$74.00 and set a “sector perform” rating on the stock in a research note on Monday, March 9th. Stifel Nicolaus boosted their price objective on shares of Badger Infrastructure Solutions from C$81.00 to C$82.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Canaccord Genuity Group reduced their target price on shares of Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating on the stock in a report on Monday, March 9th. Finally, BMO Capital Markets decreased their target price on shares of Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Four analysts have rated the stock with a Buy rating and four have assigned 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 target price of C$77.38.

Badger Infrastructure Solutions Trading Up 0.9%

Shares of Badger Infrastructure Solutions stock opened at C$64.28 on Wednesday. The company has a debt-to-equity ratio of 87.32, a current ratio of 1.37 and a quick ratio of 1.49. Badger Infrastructure Solutions has a 1 year low of C$37.00 and a 1 year high of C$82.57. The firm has a market cap of C$2.17 billion, a PE ratio of 36.73 and a beta of 0.86. The company has a 50 day simple moving average of C$65.19 and a two-hundred day simple moving average of C$70.57.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings results on Friday, March 6th. The company reported C$0.47 EPS for the quarter. Badger Infrastructure Solutions had a net margin of 7.59% and a return on equity of 25.34%. The firm had revenue of C$280.79 million for the quarter. Analysts expect 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.