Badger Infrastructure Solutions (TSE:BDGI) Hits New 12-Month High on Analyst Upgrade

Key Points

• Badger Infrastructure Solutions hit a new 52-week high after National Bank Financial upgraded the stock to an outperform with a C$74 target; shares traded as high as C$82.67 and last at C$81.88.
• Analyst consensus is a Moderate Buy (five Buy, three Hold) with an average target of C$77.38 — below the current share price — following mixed target revisions from several firms.
• The company reported C$0.31 EPS on C$282.57 million revenue last quarter and has a C$2.76 billion market cap, a high PE of 48.67 and a debt-to-equity ratio of 101.90, suggesting solid profitability but elevated valuation and leverage.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report)'s stock price hit a new 52-week high on Monday after National Bank Financial upgraded the stock from a sector perform rating to an outperform rating. National Bank Financial now has a C$74.00 price target on the stock. Badger Infrastructure Solutions traded as high as C$82.67 and last traded at C$81.88, with a volume of 74319 shares traded. The stock had previously closed at C$78.36.

A number of other equities analysts have also weighed in on the company. Stifel Nicolaus boosted their target price on Badger Infrastructure Solutions from C$81.00 to C$82.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. TD Securities decreased their target price on 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. 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, March 9th. Canadian Imperial Bank of Commerce reduced their price target on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research report on Monday, March 9th. Finally, Raymond James Financial reduced their price target on shares of Badger Infrastructure Solutions from C$83.00 to C$73.00 in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$77.38.

Badger Infrastructure Solutions Stock Up 4.4%

The company's fifty day moving average is C$65.06 and its 200-day moving average is C$70.61. The company has a market capitalization of C$2.76 billion, a PE ratio of 48.67 and a beta of 0.86. The company has a debt-to-equity ratio of 101.90, a quick ratio of 1.49 and a current ratio of 1.35.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. The company had revenue of C$282.57 million during the quarter. Badger Infrastructure Solutions had a net margin of 7.11% and a return on equity of 23.71%. As a group, analysts predict that Badger Infrastructure Solutions Ltd. will post 3.3008403 EPS for the current fiscal year.

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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