Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$77.13.

A number of equities research analysts have issued reports on BDGI shares. Acumen Capital cut 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 research note on Monday, March 9th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a report on Monday, March 9th. TD Securities cut their price objective on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. BMO Capital Markets reduced their target price 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 research note on Friday, March 6th. Finally, National Bank Financial dropped their price target on shares of Badger Infrastructure Solutions from C$82.00 to C$74.00 and set a “sector perform” rating on the stock in a research note on Monday, March 9th.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI stock opened at C$60.49 on Wednesday. The company has a market cap of C$2.04 billion, a P/E ratio of 34.57 and a beta of 0.86. The business has a 50 day moving average of C$68.32 and a two-hundred day moving average of C$70.40. Badger Infrastructure Solutions has a 52 week low of C$33.62 and a 52 week high of C$82.57. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 87.32.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings results on Friday, March 6th. The company reported C$0.47 earnings per share for the quarter. The business had revenue of C$280.79 million for the quarter. Badger Infrastructure Solutions had a return on equity of 25.34% and a net margin of 7.59%. As a group, analysts anticipate 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.