Badger Infrastructure Solutions (TSE:BDGI) Given New C$81.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus cut its price target on Badger Infrastructure Solutions from C$85.00 to C$81.00 but kept a "buy" rating, which the firm says implies roughly a 27.46% upside from the current share price.
• Other brokers have similarly trimmed targets to about C$80–82 and Canaccord downgraded the stock to "hold"; the analyst consensus remains a Moderate Buy with a consensus price target of C$77.13.
• Shares fell to C$63.55 on Monday (volume ~309,703), valuing the company at C$2.14 billion with a P/E of ~34.9; Badger reported C$0.47 EPS last quarter and a 12‑month range of C$33.62–C$82.57.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price target cut by equities researchers at Stifel Nicolaus from C$85.00 to C$81.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 27.46% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce cut their price target on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a report on Monday. Canaccord Genuity Group lowered shares of Badger Infrastructure Solutions from a "buy" rating to a "hold" rating and set a C$81.00 target price on the stock. in a research report on Monday, February 2nd. National Bank Financial set a C$82.00 target price on shares of Badger Infrastructure Solutions and gave the stock a "sector perform" rating in a research note on Friday, January 23rd. Acumen Capital reduced their price target 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 report on Monday. Finally, BMO Capital Markets lowered their price objective on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a "market perform" rating on the stock in a report on Friday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$77.13.

Badger Infrastructure Solutions Price Performance

BDGI traded down C$3.13 during trading on Monday, hitting C$63.55. The company's stock had a trading volume of 309,703 shares, compared to its average volume of 167,028. The firm has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 34.92 and a beta of 0.55. Badger Infrastructure Solutions has a twelve month low of C$33.62 and a twelve month high of C$82.57. The business's fifty day simple moving average is C$73.77 and its 200 day simple moving average is C$69.66. The company has a current ratio of 1.37, a quick ratio of 1.49 and a debt-to-equity ratio of 87.32.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last announced its earnings results on Thursday, March 5th. The company reported C$0.47 earnings per share for the quarter. Badger Infrastructure Solutions had a return on equity of 24.10% and a net margin of 7.30%.The business had revenue of C$280.79 million during the quarter. On average, equities research 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.

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