Canadian Imperial Bank of Commerce Increases Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$104.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective upped by investment analysts at Canadian Imperial Bank of Commerce from C$85.00 to C$104.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 10.29% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus increased their price target on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. National Bank Financial raised shares of Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 price target for the company in a research report on Friday, May 1st. Raymond James Financial boosted their price target on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a research note on Friday, June 5th. Finally, Canaccord Genuity Group upped their price target on Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Badger Infrastructure Solutions currently has an average rating of “Moderate Buy” and an average price target of C$90.25.

Badger Infrastructure Solutions Stock Performance

Badger Infrastructure Solutions stock traded up C$0.60 during mid-day trading on Wednesday, reaching C$94.30. The company’s stock had a trading volume of 38,474 shares, compared to its average volume of 167,371. The firm has a market cap of C$3.17 billion, a price-to-earnings ratio of 56.13 and a beta of 0.81. Badger Infrastructure Solutions has a twelve month low of C$49.26 and a twelve month high of C$95.94. The business has a 50 day moving average price of C$86.41 and a 200-day moving average price of C$75.59. The company has a current ratio of 1.35, a quick ratio of 1.49 and a debt-to-equity ratio of 101.90.

Badger Infrastructure Solutions (TSE:BDGI) last posted 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 firm had revenue of C$282.57 million for the quarter. Sell-side analysts predict that Badger Infrastructure Solutions 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.