Badger Infrastructure Solutions (TSE:BDGI) Upgraded by Canaccord Genuity Group to "Buy" Rating

Key Points

• Canaccord Genuity upgraded Badger Infrastructure Solutions to a "Buy", raising its price target to C$90.00 (from C$70.00), implying roughly a 12.3% upside from the prior close.
• Analyst sentiment is broadly positive — seven Buys and one Hold — with a MarketBeat consensus target of C$82.50; the stock traded up to C$80.17 on higher-than-average volume and has a market cap of C$2.70B and a trailing P/E of 47.7.
• Recent quarterly results showed C$0.31 EPS on C$282.57M revenue, with a net margin of 7.11% and return on equity of 23.71%.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) was upgraded by equities researchers at Canaccord Genuity Group from a "hold" rating to a "buy" rating in a report released on Monday,BayStreet.CA reports. The firm currently has a C$90.00 price objective on the stock, up from their prior price objective of C$70.00. Canaccord Genuity Group's price objective indicates a potential upside of 12.26% from the company's previous close.

A number of other analysts have also weighed in on BDGI. BMO Capital Markets lowered their price objective 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 research note on Friday, March 6th. Acumen Capital reduced their target price on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a "buy" rating for the company in a report on Monday, March 9th. Raymond James Financial upgraded shares of Badger Infrastructure Solutions from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from C$73.00 to C$77.00 in a report on Monday. National Bank Financial upgraded shares of Badger Infrastructure Solutions from a "sector perform" rating to an "outperform" rating and set a C$74.00 target price for the company in a report on Friday. Finally, TD Securities reduced their target price on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a "buy" rating for the company in a report on Monday, March 9th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$82.50.

Badger Infrastructure Solutions Stock Up 2.3%

TSE:BDGI traded up C$1.81 during mid-day trading 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 1 year low of C$39.98 and a 1 year high of C$82.67. The stock has a fifty day moving average of C$65.06 and a 200-day moving average of C$70.61. The firm has a market capitalization of C$2.70 billion, a PE ratio of 47.72 and a beta of 0.86. The company has a quick ratio of 1.49, a current ratio of 1.35 and a debt-to-equity ratio of 101.90.

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 company had revenue of C$282.57 million during the quarter. Equities 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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