Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$85.00 at Canadian Imperial Bank of Commerce

Badger Infrastructure Solutions (TSE:BDGI) had its target price lifted by stock analysts at Canadian Imperial Bank of Commerce from C$78.00 to C$85.00 in a research note issued on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 6.02% from the stock’s previous close.

A number of other research analysts also recently commented on BDGI. TD Securities reduced their price target on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a report on Monday, March 9th. National Bank Financial raised Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 price target for the company in a report on Friday. BMO Capital Markets reduced their price target on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating for the company in a report on Friday, March 6th. Stifel Nicolaus increased their target price on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a report on Monday. Finally, Acumen Capital reduced their target price on Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$82.50.

Badger Infrastructure Solutions Stock Up 2.3%

BDGI traded up C$1.81 on Monday, reaching C$80.17. The company’s stock had a trading volume of 252,133 shares, compared to its average volume of 182,197. The stock has a market cap of C$2.70 billion, a price-to-earnings ratio of 47.72 and a beta of 0.86. Badger Infrastructure Solutions has a 1 year low of C$39.98 and a 1 year high of C$82.67. The company has a debt-to-equity ratio of 101.90, a current ratio of 1.35 and a quick ratio of 1.49. The business’s 50 day moving average is C$65.06 and its 200 day moving average is C$70.61.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 EPS for the quarter. The firm had revenue of C$282.57 million during the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%. As a group, research analysts forecast that Badger Infrastructure Solutions will post 3.3008403 EPS 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.