Acumen Capital Lowers Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$80.00

Badger Infrastructure Solutions (TSE:BDGI) had its target price reduced by Acumen Capital from C$82.25 to C$80.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Acumen Capital’s price target indicates a potential upside of 25.89% from the stock’s current price.

Several other equities research analysts have also commented on the company. Canaccord Genuity Group lowered Badger Infrastructure Solutions from a “buy” rating to a “hold” rating and set a C$81.00 target price on the stock. in a research report on Monday, February 2nd. Stifel Nicolaus dropped their price target on Badger Infrastructure Solutions from C$88.00 to C$85.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research report on Monday. National Bank Financial set a C$82.00 target price on shares of Badger Infrastructure Solutions and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Finally, BMO Capital Markets reduced 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.13.

Badger Infrastructure Solutions Trading Down 4.7%

TSE BDGI traded down C$3.13 during mid-day trading on Monday, reaching C$63.55. 309,703 shares of the stock were exchanged, compared to its average volume of 167,028. The stock has a market cap of C$2.14 billion, a P/E ratio of 34.92 and a beta of 0.55. The company has a debt-to-equity ratio of 87.32, a current ratio of 1.37 and a quick ratio of 1.49. Badger Infrastructure Solutions has a one year low of C$33.62 and a one year high of C$82.57. The stock has a 50 day simple moving average of C$73.77 and a 200-day simple moving average of C$69.66.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.47 EPS for the quarter. Badger Infrastructure Solutions had a net margin of 7.30% and a return on equity of 24.10%. The business had revenue of C$280.79 million for the quarter. On average, analysts anticipate that Badger Infrastructure Solutions will post 3.3008403 EPS for the current 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.