Badger Infrastructure Solutions (TSE:BDGI) Hits New 52-Week High – Should You Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$85.20 and last traded at C$85.09, with a volume of 46854 shares. The stock had previously closed at C$82.80.

Analysts Set New Price Targets

Several brokerages have recently commented on BDGI. National Bank Financial upgraded Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 target price for the company in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce boosted their price target on Badger Infrastructure Solutions from C$78.00 to C$85.00 in a research note on Monday, May 4th. 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 research note on Friday, March 6th. Acumen Capital reduced their price target on Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Finally, Stifel Nicolaus boosted their price target on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$82.50.

Badger Infrastructure Solutions Price Performance

The firm has a market capitalization of C$2.84 billion, a P/E ratio of 50.26 and a beta of 0.87. The company has a current ratio of 1.35, a quick ratio of 1.49 and a debt-to-equity ratio of 101.90. The company has a 50 day moving average of C$67.39 and a 200-day moving average of C$71.60.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.31 earnings per share 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%. On average, sell-side analysts predict that Badger Infrastructure Solutions Ltd. will post 3.3008403 EPS for the current 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.