Badger Infrastructure Solutions Ltd. (TSE:BDGI) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Badger Infrastructure Solutions Ltd. (TSE:BDGI – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$94.75.

Several brokerages recently commented on BDGI. Canadian Imperial Bank of Commerce increased their target price on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 8th. Raymond James Financial lifted their price target on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. National Bank Financial boosted their price target on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Finally, Canaccord Genuity Group increased their price objective on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a “buy” rating in a research note on Friday, June 26th.

Read Our Latest Research Report on BDGI

Badger Infrastructure Solutions Stock Up 3.6%

Shares of Badger Infrastructure Solutions stock opened at C$94.60 on Wednesday. The firm has a market cap of C$3.18 billion, a PE ratio of 52.56 and a beta of 0.82. The business’s 50 day simple moving average is C$87.41 and its 200 day simple moving average is C$81.93. The company has a debt-to-equity ratio of 105.14, a quick ratio of 1.49 and a current ratio of 1.34. Badger Infrastructure Solutions has a 52-week low of C$59.81 and a 52-week high of C$99.46.

Badger Infrastructure Solutions (TSE:BDGI – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.98 earnings per share for the quarter. Badger Infrastructure Solutions had a return on equity of 24.14% and a net margin of 7.16%.The firm had revenue of C$365.33 million during the quarter. On average, analysts predict that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Stephen James Jones purchased 600 shares of the stock in a transaction on Monday, August 17th. The shares were purchased at an average price of C$89.99 per share, with a total value of C$53,994.00. Following the transaction, the director directly owned 6,300 shares of the company’s stock, valued at C$566,937. This trade represents a 10.53% increase in their ownership of the stock. 0.33% of the stock is currently owned by corporate insiders.

About Badger Infrastructure Solutions

(Get Free Report)

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.

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Analyst Recommendations for Badger Infrastructure Solutions (TSE:BDGI)

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