Badger Infrastructure Solutions (TSE:BDGI) Shares Up 0.8% – Time to Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) traded up 0.8% during mid-day trading on Monday . The stock traded as high as C$76.74 and last traded at C$76.60. 84,777 shares were traded during trading, a decline of 12% from the average session volume of 96,851 shares. The stock had previously closed at C$75.97.

Analysts Set New Price Targets

BDGI has been the topic of several research reports. TD Securities increased their target price on Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Canaccord Genuity Group raised their price objective on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Raymond James Financial lowered Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$60.00 to C$72.00 in a research note on Wednesday, October 22nd. Stifel Nicolaus increased their target price on shares of Badger Infrastructure Solutions from C$86.00 to C$88.00 in a research report on Monday, November 10th. Finally, National Bankshares set a C$84.00 price target on shares of Badger Infrastructure Solutions and gave the company an “outperform” rating in a report on Thursday, November 27th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$80.29.

Badger Infrastructure Solutions Stock Performance

The stock has a 50 day simple moving average of C$74.05 and a 200 day simple moving average of C$63.78. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The company has a market cap of C$2.58 billion, a price-to-earnings ratio of 42.09 and a beta of 1.01.

Badger Infrastructure Solutions (TSE:BDGI) last announced its earnings results on Wednesday, November 5th. The company reported C$0.91 EPS for the quarter. The business had revenue of C$330.48 million for the quarter. Badger Infrastructure Solutions had a return on equity of 16.64% and a net margin of 5.71%. As a group, analysts predict that Badger Infrastructure Solutions Ltd. will post 3.3008403 EPS for the current 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.