Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$85.00 at Canadian Imperial Bank of Commerce

Key Points

• Canadian Imperial Bank of Commerce raised its price target for Badger Infrastructure Solutions to C$85.00 (from C$78.00), implying roughly a 6.0% upside from the stock's current level.
• Analyst sentiment is broadly positive—seven Buy ratings and one Hold yield a consensus "Moderate Buy" and a consensus price target of C$82.50, with notable firm moves including Canaccord raising its target to C$90.00.
• The stock traded up 2.3% to C$80.17 on heavy volume; Badger has a market cap of C$2.70B and recent quarterly results showed C$0.31 EPS on C$282.6M revenue (PE ~47.7).

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price target lifted by stock analysts at Canadian Imperial Bank of Commerce from C$78.00 to C$85.00 in a research note issued to investors on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce's price target would indicate a potential upside of 6.02% from the company's current price.

Other equities research analysts have also issued reports about the company. Acumen Capital dropped their price target 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. National Bank Financial upgraded Badger Infrastructure Solutions from a "sector perform" rating to an "outperform" rating and set a C$74.00 price target for the company in a research note on Friday. BMO Capital Markets dropped their price target on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a "market perform" rating for the company in a research note on Friday, March 6th. Raymond James Financial upgraded Badger Infrastructure Solutions from a "market perform" rating to an "outperform" rating and upped their price target for the stock from C$73.00 to C$77.00 in a research note on Monday. Finally, Canaccord Genuity Group raised Badger Infrastructure Solutions from a "hold" rating to a "buy" rating and upped their target price for the stock from C$70.00 to C$90.00 in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Badger Infrastructure Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of C$82.50.

Badger Infrastructure Solutions Trading Up 2.3%

TSE:BDGI traded up C$1.81 on Monday, hitting C$80.17. 252,133 shares of the stock were exchanged, compared to its average volume of 182,197. The stock has a market cap of C$2.70 billion, a PE ratio of 47.72 and a beta of 0.86. 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 fifty day moving average of C$65.06 and a 200-day moving average of C$70.61. Badger Infrastructure Solutions has a fifty-two week low of C$39.98 and a fifty-two week high of C$82.67.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 EPS for the quarter. The company had revenue of C$282.57 million during the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%. As a group, equities analysts expect that Badger Infrastructure Solutions 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.

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