Badger Infrastructure Solutions (TSE:BDGI) Rating Increased to Outperform at National Bank Financial

Key Points

• Badger Infrastructure Solutions was upgraded by National Bank Financial from "sector perform" to Outperform with a C$74 price target, a level the report says implies roughly a 2.26% downside from the stock's current price.
• Several other analysts recently trimmed targets, but the consensus remains a Moderate Buy with an average target of C$77.38 and five Buy versus three Hold ratings.
• Shares jumped to C$75.71 on heavy volume (340,959 vs. average 179,862); the company has a C$2.55 billion market cap, a P/E of 43.26, a debt-to-equity ratio of 87.32, and reported Q earnings of C$0.31 on C$282.57 million revenue.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) was upgraded by stock analysts at National Bank Financial from a "sector perform" rating to an "outperform" rating in a report issued on Friday,BayStreet.CA reports. The firm currently has a C$74.00 price objective on the stock. National Bank Financial's price target would suggest a potential downside of 2.26% from the stock's current price.

A number of other equities research analysts have also issued reports on BDGI. Raymond James Financial cut their price target on Badger Infrastructure Solutions from C$83.00 to C$73.00 in a research note on Wednesday. Canadian Imperial Bank of Commerce cut their price target on Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research note on Monday, March 9th. TD Securities cut their price objective 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. Canaccord Genuity Group cut their price objective on Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a "hold" rating for the company in a research report on Monday, March 9th. Finally, BMO Capital Markets lowered their price target on shares of Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a "market perform" rating for the company in a report on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$77.38.

Badger Infrastructure Solutions Stock Performance

Shares of TSE BDGI traded up C$10.01 during midday trading on Friday, hitting C$75.71. 340,959 shares of the stock traded hands, compared to its average volume of 179,862. The company has a debt-to-equity ratio of 87.32, a quick ratio of 1.49 and a current ratio of 1.37. The firm has a market capitalization of C$2.55 billion, a P/E ratio of 43.26 and a beta of 0.86. Badger Infrastructure Solutions has a one year low of C$39.34 and a one year high of C$82.57. The firm has a 50-day moving average of C$65.06 and a two-hundred day moving average of C$70.54.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.31 EPS for the quarter. The firm had revenue of C$282.57 million during the quarter. Badger Infrastructure Solutions had a return on equity of 25.34% and a net margin of 7.59%. On average, equities analysts forecast that Badger Infrastructure Solutions 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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