BMO Capital Markets Issues Positive Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its target price lifted by BMO Capital Markets from C$82.00 to C$85.00 in a report issued on Friday,BayStreet.CA reports.

Several other equities analysts have also commented on BDGI. TD Securities boosted their price objective on Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the company a “buy” rating in a report on Friday, November 7th. National Bankshares set a C$84.00 price target on shares of Badger Infrastructure Solutions and gave the stock an “outperform” rating in a research note on Thursday, November 27th. Stifel Nicolaus raised their price objective on shares of Badger Infrastructure Solutions from C$86.00 to C$88.00 in a research note on Monday, November 10th. Raymond James Financial downgraded shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$60.00 to C$72.00 in a research note on Wednesday, October 22nd. Finally, Canaccord Genuity Group raised their price target on shares of Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$80.71.

Badger Infrastructure Solutions Price Performance

TSE:BDGI opened at C$81.81 on Friday. The stock has a 50 day moving average price of C$74.54 and a 200 day moving average price of C$64.43. The stock has a market cap of C$2.76 billion, a PE ratio of 44.95 and a beta of 1.01. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. Badger Infrastructure Solutions has a one year low of C$33.62 and a one year high of C$82.50.

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