Badger Infrastructure Solutions (TSE:BDGI) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Badger Infrastructure Solutions (TSE:BDGI) had its target price boosted by stock analysts at Canaccord Genuity Group from C$90.00 to C$112.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 17.98% from the stock’s current price.

BDGI has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce boosted their price objective on shares of Badger Infrastructure Solutions from C$78.00 to C$85.00 in a research report on Monday, May 4th. Acumen Capital reduced their target price on Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Raymond James Financial increased their target price on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a research report on Friday, June 5th. TD Securities lowered their price objective on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Finally, BMO Capital Markets reduced their target price on shares of 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. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$87.88.

Badger Infrastructure Solutions Price Performance

BDGI traded up C$5.46 during trading on Friday, reaching C$94.93. 87,080 shares of the company were exchanged, compared to its average volume of 170,336. Badger Infrastructure Solutions has a 12-month low of C$46.85 and a 12-month high of C$95.94. The company’s 50-day moving average is C$81.60 and its two-hundred day moving average is C$74.68. The company has a quick ratio of 1.49, a current ratio of 1.35 and a debt-to-equity ratio of 101.90. The company has a market cap of C$3.20 billion, a price-to-earnings ratio of 56.51 and a beta of 0.75.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.31 EPS for the quarter. Badger Infrastructure Solutions had a net margin of 7.11% and a return on equity of 23.71%. The company had revenue of C$282.57 million during the quarter. Research analysts forecast that Badger Infrastructure Solutions will post 3.3008403 earnings per share 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.