Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$98.00 at Raymond James Financial

Badger Infrastructure Solutions (TSE:BDGI) had its price objective raised by Raymond James Financial from C$77.00 to C$98.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other research analysts have also issued reports on BDGI. Canadian Imperial Bank of Commerce boosted their price target on shares of Badger Infrastructure Solutions from C$78.00 to C$85.00 in a research note on Monday, May 4th. Canaccord Genuity Group upgraded shares of Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and upped their target price for the stock from C$70.00 to C$90.00 in a research report on Monday, May 4th. National Bank Financial upgraded shares of Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 target price on the stock in a research report on Friday, May 1st. BMO Capital Markets lowered their target price on shares of Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Finally, Stifel Nicolaus raised their target price on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Badger Infrastructure Solutions currently has a consensus rating of “Moderate Buy” and an average target price of C$85.13.

Badger Infrastructure Solutions Trading Down 1.9%

Shares of Badger Infrastructure Solutions stock opened at C$88.61 on Friday. Badger Infrastructure Solutions has a 52-week low of C$44.53 and a 52-week high of C$91.41. The company has a quick ratio of 1.49, a current ratio of 1.35 and a debt-to-equity ratio of 101.90. The company’s 50-day simple moving average is C$73.60 and its 200-day simple moving average is C$72.89. The firm has a market cap of C$2.98 billion, a price-to-earnings ratio of 52.74 and a beta of 0.75.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a net margin of 7.11% and a return on equity of 23.71%. The business had revenue of C$282.57 million for the quarter. As a group, equities research analysts anticipate that Badger Infrastructure Solutions will post 3.3008403 earnings per share 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.