Badger Infrastructure Solutions (TSE:BDGI) Sets New 52-Week High – Here’s Why

Badger Infrastructure Solutions Ltd. (TSE:BDGI) shares reached a new 52-week high on Tuesday . The stock traded as high as C$88.14 and last traded at C$87.89, with a volume of 70814 shares traded. The stock had previously closed at C$84.94.

Analyst Ratings Changes

BDGI has been the topic of several research reports. Canaccord Genuity Group upgraded shares of Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$70.00 to C$90.00 in a research note on Monday, May 4th. Acumen Capital dropped their price objective on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. BMO Capital Markets dropped their price objective 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 note on Friday, March 6th. Canadian Imperial Bank of Commerce increased their price objective on shares of Badger Infrastructure Solutions from C$78.00 to C$85.00 in a research note on Monday, May 4th. Finally, TD Securities dropped their price objective on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a research note 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’s stock. According to 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 0.8%

The stock has a market capitalization of C$2.91 billion, a P/E ratio of 51.48 and a beta of 0.87. 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 stock’s fifty day moving average is C$70.04 and its two-hundred day moving average is C$72.14.

Badger Infrastructure Solutions (TSE:BDGI) last issued its earnings results 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 net margin of 7.11% and a return on equity of 23.71%. As a group, research analysts predict that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current fiscal 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.