Badger Infrastructure Solutions (TSE:BDGI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Stifel Nicolaus raised its price target on Badger Infrastructure Solutions from C$82.00 to C$94.00 and kept a "buy" rating, signaling roughly a 17.25% upside from the current share price.
• While several firms trimmed targets (TD, Acumen, Canaccord, BMO), the analyst consensus remains a Moderate Buy with seven Buy ratings, one Hold, and a consensus target of C$82.50.
• Shares traded up to C$80.17; the company has a market cap of C$2.70 billion, a P/E of 47.72, and last quarter reported C$0.31 EPS on C$282.57 million revenue with a 7.11% net margin and 23.71% ROE.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price target hoisted by stock analysts at Stifel Nicolaus from C$82.00 to C$94.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 17.25% from the company's current price.

A number of other research analysts have also weighed in on BDGI. TD Securities dropped their price objective on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a "buy" rating on the stock in a research note on Monday, March 9th. Acumen Capital dropped their price objective on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a "buy" rating on the stock in a research note on Monday, March 9th. Canaccord Genuity Group dropped their price objective on shares of Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a "hold" rating on the stock in a research note on Monday, March 9th. National Bank Financial raised shares of Badger Infrastructure Solutions from a "sector perform" rating to an "outperform" rating and set a C$74.00 price objective on the stock in a research note on Friday. Finally, BMO Capital Markets dropped their price target on shares of Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a "market perform" rating on the stock in a research report on Friday, March 6th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$82.50.

Badger Infrastructure Solutions Stock Up 2.3%

Shares of Badger Infrastructure Solutions stock traded up C$1.81 during trading hours on Monday, reaching C$80.17. The company's stock had a trading volume of 252,133 shares, compared to its average volume of 182,197. Badger Infrastructure Solutions has a one year low of C$39.98 and a one year high of C$82.67. The company has a market capitalization of C$2.70 billion, a P/E ratio of 47.72 and a beta of 0.86. The stock's fifty day simple moving average is C$65.06 and its two-hundred day simple moving average is C$70.61. 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 quarterly earnings data on Thursday, April 30th. The company reported C$0.31 earnings per share for the quarter. Badger Infrastructure Solutions had a net margin of 7.11% and a return on equity of 23.71%. The firm had revenue of C$282.57 million for the quarter. On average, research analysts forecast that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current 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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