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

Badger Infrastructure Solutions Ltd. (TSE:BDGI) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$76.40 and last traded at C$75.96, with a volume of 187479 shares traded. The stock had previously closed at C$72.84.

Analysts Set New Price Targets

Several brokerages have commented on BDGI. Raymond James Financial lowered shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from C$60.00 to C$72.00 in a research report on Wednesday, October 22nd. Canaccord Genuity Group lifted their price target on shares of Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. TD Securities upped their price objective on Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the company a “buy” rating in a research note on Friday, November 7th. BMO Capital Markets raised their target price on Badger Infrastructure Solutions from C$55.00 to C$60.00 in a research report on Friday, October 10th. Finally, CIBC boosted their target price on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research note on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$77.14.

Badger Infrastructure Solutions Trading Up 4.3%

The company has a market cap of C$2.56 billion, a P/E ratio of 41.74 and a beta of 0.98. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The firm’s 50-day moving average price is C$69.21 and its 200-day moving average price is C$57.84.

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