Badger Infrastructure Solutions Ltd. (BDGI.TO) – What Are Researchers Thinking About This Stock?

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$94.75.

A number of analysts have recently issued reports on the company. National Bank Financial lifted their price target on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Raymond James Financial increased their price objective on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce raised their price objective on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an “outperformer” rating in a report on Wednesday, July 8th.

Insiders Place Their Bets

In other Badger Infrastructure Solutions news, Director Stephen James Jones acquired 600 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average price of C$89.99 per share, with a total value of C$53,994.00. Following the purchase, the director owned 6,300 shares in the company, valued at approximately C$566,937. The trade was a 10.53% increase in their ownership of the stock. Insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Price Performance

TSE:BDGI opened at C$84.06 on Friday. The firm’s fifty day moving average is C$88.02 and its two-hundred day moving average is C$85.42. The firm has a market cap of C$2.83 billion, a price-to-earnings ratio of 46.70 and a beta of 0.64. The company has a debt-to-equity ratio of 105.14, a quick ratio of 1.49 and a current ratio of 1.34. Badger Infrastructure Solutions has a one year low of C$59.98 and a one year high of C$102.12.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.98 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a return on equity of 24.14% and a net margin of 7.16%. The company had revenue of C$365.33 million during the quarter. Research analysts expect that Badger Infrastructure Solutions will post 3.30 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.