Badger Infrastructure Solutions (TSE:BDGI) Sets New 12-Month High – Here’s Why

Badger Infrastructure Solutions Ltd. (TSE:BDGI) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$79.03 and last traded at C$79.28, with a volume of 146407 shares trading hands. The stock had previously closed at C$77.45.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BDGI. National Bankshares set a C$84.00 price objective on shares of Badger Infrastructure Solutions and gave the company an “outperform” rating in a report on Thursday, November 27th. Raymond James Financial cut shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$60.00 to C$72.00 in a research report on Wednesday, October 22nd. Stifel Nicolaus raised their price target on Badger Infrastructure Solutions from C$86.00 to C$88.00 in a research report on Monday, November 10th. Canaccord Genuity Group lifted their price objective on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Finally, BMO Capital Markets increased their target price on Badger Infrastructure Solutions from C$82.00 to C$85.00 in a research note on Friday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$80.71.

Badger Infrastructure Solutions Stock Performance

The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. The company has a market cap of C$2.76 billion, a price-to-earnings ratio of 44.95 and a beta of 1.01. The stock has a 50-day moving average price of C$74.54 and a 200 day moving average price of C$64.43.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.91 earnings per share for the quarter. Badger Infrastructure Solutions had a net margin of 5.71% and a return on equity of 16.64%. The firm had revenue of C$330.48 million for the quarter. As a group, analysts anticipate that Badger Infrastructure Solutions Ltd. 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.