Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$85.13.

BDGI has been the subject of a number of recent analyst reports. National Bank Financial raised Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 price target for the company in a report on Friday, May 1st. Canadian Imperial Bank of Commerce raised their price target on Badger Infrastructure Solutions from C$78.00 to C$85.00 in a report on Monday, May 4th. TD Securities dropped their price target on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a report on Monday, March 9th. Raymond James Financial raised their price target on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a report on Friday, June 5th. Finally, Canaccord Genuity Group raised Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and raised their price target for the company from C$70.00 to C$90.00 in a report on Monday, May 4th.

Badger Infrastructure Solutions Stock Performance

BDGI stock opened at C$91.05 on Monday. The business has a fifty day moving average price of C$76.60 and a 200 day moving average price of C$73.63. Badger Infrastructure Solutions has a fifty-two week low of C$44.89 and a fifty-two week high of C$95.94. The stock has a market capitalization of C$3.07 billion, a price-to-earnings ratio of 54.20 and a beta of 0.75. The company has a debt-to-equity ratio of 101.90, a current ratio of 1.35 and a quick ratio of 1.49.

Badger Infrastructure Solutions (TSE:BDGI) last released 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 return on equity of 23.71% and a net margin of 7.11%.The firm had revenue of C$282.57 million during the quarter. 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.