National Bank Financial Issues Pessimistic Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Key Points

• National Bank Financial lowered its price target for Badger Infrastructure Solutions from C$113 to C$100 but maintained an “outperform” rating; the revised target implied 30.11% upside from the stock’s then-current price.
• Analyst sentiment remained positive overall: seven analysts rated the stock Buy and one Hold, giving it a “Moderate Buy” consensus rating and a C$94.38 consensus target. Raymond James separately raised its target to C$105 and retained an “outperform” rating.
• For its latest reported quarter, Badger posted earnings of C$1.37 per share and revenue of C$407.92 million; analysts expected full-year EPS of C$3.30.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price target decreased by research analysts at National Bank Financial from C$113.00 to C$100.00 in a research note issued to investors on Monday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price target would suggest a potential upside of 30.11% from the stock's current price.

Separately, Raymond James Financial upped their price target on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$94.38.

Badger Infrastructure Solutions Trading Up 2.8%

TSE BDGI traded up C$2.12 during mid-day trading on Monday, hitting C$76.86. The company's stock had a trading volume of 88,699 shares, compared to its average volume of 151,889. Badger Infrastructure Solutions has a 52-week low of C$59.98 and a 52-week high of C$102.12. The stock's fifty day simple moving average is C$87.92 and its two-hundred day simple moving average is C$81.16. The company has a debt-to-equity ratio of 105.14, a current ratio of 1.34 and a quick ratio of 1.49. The firm has a market capitalization of C$2.59 billion, a P/E ratio of 42.70 and a beta of 0.65.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported C$1.37 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%. The company had revenue of C$407.92 million during the quarter. Research analysts expect that Badger Infrastructure Solutions will post 3.30 EPS for the current year.

Insider Activity at Badger Infrastructure Solutions

In other news, Director Stephen James Jones bought 600 shares of Badger Infrastructure Solutions stock in a transaction dated Monday, August 17th. The shares were acquired at an average cost of C$89.99 per share, with a total value of C$53,994.00. Following the completion of the transaction, the director owned 6,300 shares in the company, valued at approximately C$566,937. This trade represents a 10.53% increase in their position. Insiders own 0.33% of the company's stock.

Badger Infrastructure Solutions Company Profile

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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