National Bank Financial Issues Pessimistic Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its target price decreased by equities research analysts at National Bank Financial from C$82.00 to C$74.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 15.30% from the company’s previous close.

BDGI has been the topic of a number of other research reports. Acumen Capital reduced their target price on Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating on the stock in a report on Monday. BMO Capital Markets decreased their price objective on shares of Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating for the company in a report on Friday. Stifel Nicolaus cut their target price on shares of Badger Infrastructure Solutions from C$85.00 to C$81.00 and set a “buy” rating on the stock in a report on Monday. Canaccord Genuity Group reduced their price target on shares of Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating on the stock in a research report on Monday. Finally, TD Securities decreased their price target on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a report on Monday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$77.13.

Badger Infrastructure Solutions Trading Down 3.7%

BDGI traded down C$2.50 during trading on Monday, reaching C$64.18. 339,795 shares of the company’s stock were exchanged, compared to its average volume of 167,618. The company’s fifty day moving average price is C$73.77 and its 200-day moving average price is C$69.66. The firm has a market capitalization of C$2.17 billion, a PE ratio of 35.26 and a beta of 0.55. Badger Infrastructure Solutions has a fifty-two week low of C$33.62 and a fifty-two week high of C$82.57. The company has a debt-to-equity ratio of 87.32, a quick ratio of 1.49 and a current ratio of 1.37.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.47 earnings per share for the quarter. Badger Infrastructure Solutions had a return on equity of 24.10% and a net margin of 7.30%.The company had revenue of C$280.79 million for the quarter. As a group, equities analysts forecast that Badger Infrastructure Solutions 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.