Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$82.50.

Several research firms recently issued reports on BDGI. BMO Capital Markets reduced 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 report on Friday, March 6th. TD Securities reduced 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 report on Monday, March 9th. Raymond James Financial upgraded Badger Infrastructure Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$73.00 to C$77.00 in a research report on Monday, May 4th. Acumen Capital reduced 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 report on Monday, March 9th. Finally, Canadian Imperial Bank of Commerce raised their price target on Badger Infrastructure Solutions from C$78.00 to C$85.00 in a research report on Monday, May 4th.

Badger Infrastructure Solutions Stock Performance

Shares of TSE BDGI opened at C$83.86 on Thursday. The stock has a market cap of C$2.82 billion, a price-to-earnings ratio of 49.92 and a beta of 0.87. 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 has a 1-year low of C$43.62 and a 1-year high of C$85.21. The stock’s 50-day moving average is C$67.79 and its 200 day moving average is C$71.68.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings results 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 business had revenue of C$282.57 million for the quarter. On average, sell-side analysts anticipate that Badger Infrastructure Solutions 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.