Badger Infrastructure Solutions (TSE:BDGI) Sets New 12-Month High – Still a Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$88.14 and last traded at C$87.89, with a volume of 70814 shares. The stock had previously closed at C$84.94.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BDGI shares. National Bank Financial upgraded shares of Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 price objective on the stock in a research note on Friday, May 1st. TD Securities lowered their price objective on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Canaccord Genuity Group upgraded shares of Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$70.00 to C$90.00 in a research note on Monday, May 4th. Stifel Nicolaus raised their price objective on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Raymond James Financial upgraded shares of Badger Infrastructure Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$73.00 to C$77.00 in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$82.50.

Badger Infrastructure Solutions Price Performance

The company has a debt-to-equity ratio of 101.90, a current ratio of 1.35 and a quick ratio of 1.49. The stock’s 50 day simple moving average is C$69.10 and its two-hundred day simple moving average is C$71.94. The stock has a market cap of C$2.96 billion, a price-to-earnings ratio of 52.32 and a beta of 0.87.

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