Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$82.25 at Acumen Capital

Badger Infrastructure Solutions (TSE:BDGI) had its price target lifted by Acumen Capital from C$77.25 to C$82.25 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

BDGI has been the topic of several other research reports. Stifel Nicolaus lowered their target price on Badger Infrastructure Solutions from C$88.00 to C$85.00 and set a “buy” rating on the stock in a report on Friday, February 6th. National Bank Financial set a C$82.00 price objective on shares of Badger Infrastructure Solutions and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Canadian Imperial Bank of Commerce raised their target price on shares of Badger Infrastructure Solutions from C$71.00 to C$82.00 in a report on Friday, November 7th. Raymond James Financial cut shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from C$60.00 to C$72.00 in a research report on Wednesday, October 22nd. Finally, TD Securities upped their price target on shares of Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the company a “buy” rating in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$81.53.

Badger Infrastructure Solutions Price Performance

BDGI stock opened at C$67.79 on Wednesday. The firm has a 50 day moving average of C$75.47 and a 200-day moving average of C$67.49. The company has a market cap of C$2.29 billion, a price-to-earnings ratio of 37.25 and a beta of 0.84. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. Badger Infrastructure Solutions has a 12-month low of C$33.62 and a 12-month high of C$82.57.

Badger Infrastructure Solutions (TSE:BDGI) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.91 earnings per share for the quarter. The business had revenue of C$330.48 million for the quarter. Badger Infrastructure Solutions had a return on equity of 16.64% and a net margin of 5.71%. As a group, equities analysts expect that Badger Infrastructure Solutions will post 3.3008403 EPS for the current fiscal 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.