Badger Infrastructure Solutions (TSE:BDGI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Badger Infrastructure Solutions (TSE:BDGI) had its price target increased by research analysts at Stifel Nicolaus from C$82.00 to C$94.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 17.25% from the company’s previous close.

A number of other analysts also recently issued reports on BDGI. Canadian Imperial Bank of Commerce decreased their price objective on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a report on Monday, March 9th. 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, March 6th. Acumen Capital decreased their price objective on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating for the company in a report on Monday, March 9th. Canaccord Genuity Group decreased their price objective on shares of Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating for the company in a report on Monday, March 9th. Finally, 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 for the company in a report on Friday. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and a consensus price target of C$82.50.

Badger Infrastructure Solutions Stock Up 2.3%

Shares of BDGI traded up C$1.81 during trading hours on Monday, reaching C$80.17. 252,133 shares of the stock traded hands, compared to its average volume of 182,197. The company has a current ratio of 1.35, a quick ratio of 1.49 and a debt-to-equity ratio of 101.90. The stock has a fifty day simple moving average of C$65.06 and a 200 day simple moving average of C$70.61. Badger Infrastructure Solutions has a 52 week low of C$39.98 and a 52 week high of C$82.67. The company has a market cap of C$2.70 billion, a price-to-earnings ratio of 47.72 and a beta of 0.86.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings data 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 during the quarter. On average, 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.