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

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

Analysts Set New Price Targets

Several analysts recently commented on the company. TD Securities decreased their price target on 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. Canaccord Genuity Group raised Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and boosted their price target for the company from C$70.00 to C$90.00 in a research note on Monday, May 4th. Acumen Capital decreased their price target on 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 decreased 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, Raymond James Financial upgraded Badger Infrastructure Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$73.00 to C$77.00 in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$82.50.

Badger Infrastructure Solutions Trading Down 0.4%

The company has a 50-day simple moving average of C$71.49 and a 200-day simple moving average of C$72.43. The company has a debt-to-equity ratio of 101.90, a quick ratio of 1.49 and a current ratio of 1.35. The stock has a market cap of C$2.95 billion, a P/E ratio of 52.11 and a beta of 0.87.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings data 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 firm had revenue of C$282.57 million during the quarter. On average, sell-side analysts forecast that Badger Infrastructure Solutions Ltd. 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.