Badger Infrastructure Solutions (TSE:BDGI) Stock Price Down 2.1% – What’s Next?

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s stock price dropped 2.1% during mid-day trading on Monday . The stock traded as low as C$60.57 and last traded at C$60.98. Approximately 140,957 shares traded hands during trading, a decline of 25% from the average daily volume of 187,699 shares. The stock had previously closed at C$62.31.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Acumen Capital decreased their target price on Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating for the company in a research note on Monday, March 9th. TD Securities reduced their price objective on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a research report on Monday, March 9th. National Bank Financial dropped their target price 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 report on Monday, March 9th. Canaccord Genuity Group reduced their price target on shares of Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating for the company in a research report on Monday, March 9th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research note on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$77.13.

Badger Infrastructure Solutions Stock Up 1.0%

The firm has a market capitalization of C$2.12 billion, a PE ratio of 35.82 and a beta of 0.55. The business’s fifty day moving average price is C$69.43 and its 200 day moving average price is C$70.35. 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 released its quarterly earnings results on Thursday, March 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The firm had revenue of C$280.79 million for the quarter. Badger Infrastructure Solutions had a return on equity of 24.10% and a net margin of 7.30%. On average, equities research analysts forecast 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. 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.