Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$98.00 at Raymond James Financial

Badger Infrastructure Solutions (TSE:BDGI) had its price target hoisted by analysts at Raymond James Financial from C$77.00 to C$98.00 in a report released on Friday,BayStreet.CA reports. Raymond James Financial’s price target suggests a potential upside of 8.83% from the stock’s previous close.

Several other equities research analysts also recently issued reports on BDGI. TD Securities cut their target price 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 note on Monday, March 9th. Canadian Imperial Bank of Commerce raised their target price on shares of Badger Infrastructure Solutions from C$78.00 to C$85.00 in a research note on Monday, May 4th. Acumen Capital cut their target price on shares of 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. Canaccord Genuity Group upgraded shares of Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and raised their target price for the company from C$70.00 to C$90.00 in a research note on Monday, May 4th. Finally, Stifel Nicolaus raised their target price on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$85.13.

Badger Infrastructure Solutions Stock Down 0.3%

Shares of Badger Infrastructure Solutions stock traded down C$0.28 during trading hours on Friday, reaching C$90.05. 106,929 shares of the company’s stock were exchanged, compared to its average volume of 180,476. The company has a 50 day moving average of C$73.12 and a two-hundred day moving average of C$72.78. Badger Infrastructure Solutions has a fifty-two week low of C$44.53 and a fifty-two week high of C$91.41. The company has a current ratio of 1.35, a quick ratio of 1.49 and a debt-to-equity ratio of 101.90. The stock has a market cap of C$3.03 billion, a P/E ratio of 53.60 and a beta of 0.87.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.31 EPS for the quarter. Badger Infrastructure Solutions had a net margin of 7.11% and a return on equity of 23.71%. The company had revenue of C$282.57 million during the quarter. On average, sell-side analysts forecast that Badger Infrastructure Solutions 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.