Badger Infrastructure Solutions (TSE:BDGI) Reaches New 12-Month High on Analyst Upgrade

Badger Infrastructure Solutions Ltd. (TSE:BDGI) shares hit a new 52-week high on Monday after Raymond James Financial raised their price target on the stock from C$77.00 to C$98.00. The stock traded as high as C$93.45 and last traded at C$92.60, with a volume of 19694 shares changing hands. The stock had previously closed at C$90.33.

A number of other equities analysts have also commented on the stock. Canaccord Genuity Group upgraded shares of Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and raised their price objective for the company from C$70.00 to C$90.00 in a research report on Monday, May 4th. National Bank Financial upgraded shares of Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 target price on the stock in a research note on Friday, May 1st. BMO Capital Markets cut their price target on shares of Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating for the company in a report on Friday, March 6th. Canadian Imperial Bank of Commerce boosted their price target on shares of Badger Infrastructure Solutions from C$78.00 to C$85.00 in a research report on Monday, May 4th. Finally, TD Securities decreased their price target on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$85.13.

Badger Infrastructure Solutions Price Performance

The business’s 50-day simple moving average is C$73.60 and its 200-day simple moving average is C$72.90. The stock has a market cap of C$3.19 billion, a PE ratio of 56.33 and a beta of 0.75. The company has a quick ratio of 1.49, a current ratio of 1.35 and a debt-to-equity ratio of 101.90.

Badger Infrastructure Solutions (TSE:BDGI) last announced its earnings results on Thursday, April 30th. The company reported C$0.31 EPS for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%.The company had revenue of C$282.57 million during the quarter. On average, research analysts expect that Badger Infrastructure Solutions Ltd. will post 3.3008403 EPS 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.