Canadian Imperial Bank of Commerce Cuts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$80.00

Badger Infrastructure Solutions (TSE:BDGI) had its price target reduced by Canadian Imperial Bank of Commerce from C$86.00 to C$80.00 in a report published on Monday morning,BayStreet.CA reports.

Other analysts have also issued reports about the stock. Canaccord Genuity Group lowered shares of Badger Infrastructure Solutions from a “buy” rating to a “hold” rating and set a C$81.00 price target on the stock. in a research report on Monday, February 2nd. National Bank Financial set a C$82.00 price objective on shares of Badger Infrastructure Solutions and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Acumen Capital increased their target price on shares of Badger Infrastructure Solutions from C$77.25 to C$82.25 and gave the company a “buy” rating in a research note on Wednesday, February 11th. BMO Capital Markets lowered 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, Stifel Nicolaus cut their price target on Badger Infrastructure Solutions from C$88.00 to C$85.00 and set a “buy” rating for the company in a report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$77.13.

Badger Infrastructure Solutions Stock Up 0.1%

Shares of BDGI stock opened at C$64.46 on Monday. Badger Infrastructure Solutions has a 12 month low of C$33.62 and a 12 month high of C$82.57. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 87.32. The firm has a market cap of C$2.17 billion, a PE ratio of 35.42 and a beta of 0.55. The stock has a 50 day moving average of C$73.20 and a 200-day moving average of C$69.73.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The business had revenue of C$280.79 million for the quarter. Badger Infrastructure Solutions had a net margin of 7.30% and a return on equity of 24.10%. On average, equities analysts predict that Badger Infrastructure Solutions 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.