Badger Infrastructure Solutions (TSE:BDGI) Stock Price Up 14.7% Following Analyst Upgrade

Key Points

• Shares jumped 14.7% after National Bank Financial upgraded BDGI from sector perform to outperform and set a C$74 target; the stock hit C$76.60 and last traded at C$75.39 on about 147,012 shares (17% below average).
• Analyst sentiment is a “Moderate Buy” consensus with five Buy and three Hold ratings and a consensus price target of C$77.38, although individual targets recently ranged roughly C$73–C$82.
• Key fundamentals: market cap C$2.56 billion, P/E 43.38, quarterly EPS C$0.31 on C$282.6M revenue with ROE 25.34%, but relatively high leverage (debt-to-equity 87.32).

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) shares rose 14.7% during trading on Friday 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$76.60 and last traded at C$75.39. Approximately 147,012 shares changed hands during trading, a decline of 17% from the average daily volume of 176,400 shares. The stock had previously closed at C$65.70.

Several other brokerages also recently commented on BDGI. Acumen Capital cut their target price on 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. Stifel Nicolaus increased their target price on Badger Infrastructure Solutions from C$81.00 to C$82.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Canadian Imperial Bank of Commerce cut their target price on Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research note on Monday, March 9th. Raymond James Financial lowered their price target on Badger Infrastructure Solutions from C$83.00 to C$73.00 in a report on Wednesday. Finally, TD Securities lowered their price target on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a "buy" rating on the stock in a report on Monday, March 9th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$77.38.

Badger Infrastructure Solutions Trading Up 15.6%

The stock has a fifty day moving average of C$65.06 and a 200 day moving average of C$70.54. The company has a market capitalization of C$2.56 billion, a P/E ratio of 43.38 and a beta of 0.86. The company has a debt-to-equity ratio of 87.32, a quick ratio of 1.49 and a current ratio of 1.37.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported C$0.31 EPS for the quarter. Badger Infrastructure Solutions had a return on equity of 25.34% and a net margin of 7.59%.The company had revenue of C$282.57 million for the quarter. As a group, equities research analysts anticipate 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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