BMO Capital Markets Has Lowered Expectations for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Key Points

• BMO Capital Markets lowered its price objective on Badger Infrastructure Solutions from C$85.00 to C$80.00 and kept a "market perform" rating; the stock's consensus among eight analysts is a "Moderate Buy" with an average target of C$80.91 (four Buy, four Hold).
• Shares traded down 5.7% to C$66.70 on heavy volume (469,554 vs. a 160,871 average), while the company reports a market cap of C$2.25B, a P/E of 36.65, high debt-to-equity (88.59), and recent quarterly results of C$0.47 EPS on C$280.79M revenue.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price objective decreased by investment analysts at BMO Capital Markets from C$85.00 to C$80.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a "market perform" rating on the stock. BMO Capital Markets' price target suggests a potential upside of 19.94% from the stock's previous close.

BDGI has been the topic of several other reports. TD Securities raised their target price on shares of Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the stock a "buy" rating in a report on Friday, November 7th. Acumen Capital upped their target price on shares of Badger Infrastructure Solutions from C$77.25 to C$82.25 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. National Bank Financial set a C$82.00 target price on Badger Infrastructure Solutions and gave the stock a "sector perform" rating in a report on Friday, January 23rd. Canadian Imperial Bank of Commerce boosted their price target on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a report on Friday, November 7th. Finally, Stifel Nicolaus decreased their price objective on Badger Infrastructure Solutions from C$88.00 to C$85.00 and set a "buy" rating for the company in a report on Friday, February 6th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$80.91.

Badger Infrastructure Solutions Trading Down 5.7%

Shares of Badger Infrastructure Solutions stock traded down C$4.05 during trading on Friday, hitting C$66.70. 469,554 shares of the company were exchanged, compared to its average volume of 160,871. The firm has a market capitalization of C$2.25 billion, a P/E ratio of 36.65 and a beta of 0.55. The firm's fifty day moving average price is C$73.93 and its 200 day moving average price is C$69.35. The company has a debt-to-equity ratio of 88.59, a current ratio of 1.48 and a quick ratio of 1.49. Badger Infrastructure Solutions has a 1-year low of C$33.62 and a 1-year high of C$82.57.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.47 earnings per share for the quarter. The company had revenue of C$280.79 million for the quarter. Badger Infrastructure Solutions had a net margin of 8.10% and a return on equity of 27.08%. As a group, sell-side analysts expect that Badger Infrastructure Solutions will post 3.3008403 earnings per share 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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