Badger Infrastructure Solutions (TSE:BDGI) Hits New 1-Year High – Time to Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$46.68 and last traded at C$46.07, with a volume of 7028 shares trading hands. The stock had previously closed at C$46.16.

Analyst Ratings Changes

Several research analysts have recently commented on the company. CIBC lifted their price objective on Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Stifel Nicolaus reduced their price target on Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Raymond James Financial boosted their price objective on Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Badger Infrastructure Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of C$49.30.

Badger Infrastructure Solutions Trading Up 1.9%

The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The firm has a fifty day simple moving average of C$43.11 and a two-hundred day simple moving average of C$39.96. The firm has a market cap of C$1.15 billion, a PE ratio of 27.98 and a beta of 1.14.

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.