Badger Infrastructure Solutions (TSE:BDGI) Sets New 1-Year High – Should You Buy?

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) reached a new 52-week high on Tuesday . The company traded as high as C$90.66 and last traded at C$87.55, with a volume of 138590 shares. The stock had previously closed at C$87.88.

Wall Street Analyst Weigh In

BDGI has been the subject of a number of recent research reports. Raymond James Financial upgraded Badger Infrastructure Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$73.00 to C$77.00 in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce boosted their target price on Badger Infrastructure Solutions from C$78.00 to C$85.00 in a research report on Monday, May 4th. TD Securities dropped their target price on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a research report on Monday, March 9th. 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 report on Friday, May 1st. Finally, Canaccord Genuity Group upgraded Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$70.00 to C$90.00 in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$82.50.

Badger Infrastructure Solutions Stock Down 0.4%

The firm has a market cap of C$2.95 billion, a P/E ratio of 52.11 and a beta of 0.87. The company has a quick ratio of 1.49, a current ratio of 1.35 and a debt-to-equity ratio of 101.90. The firm has a fifty day moving average of C$71.49 and a 200-day moving average of C$72.43.

Badger Infrastructure Solutions (TSE:BDGI) last released its earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%.The business had revenue of C$282.57 million for the quarter. On average, equities research analysts anticipate that Badger Infrastructure Solutions Ltd. 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.