Canaccord Genuity Group Lowers Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$70.00

Key Points

• Canaccord Genuity Group cut its price target on Badger Infrastructure Solutions from C$81.00 to C$70.00 and kept a "hold" rating, a target that the firm says implies roughly a 10.15% upside from the prior close.
• Multiple other brokers (CIBC, BMO, Acumen, Stifel and National Bank) also trimmed targets, leaving a consensus average target of C$77.13 and an evenly split analyst picture of four Buys and four Holds, or a "Moderate Buy" overall.
• Shares dropped about 4.7% to C$63.55 on heavy volume, trading below the 50-day moving average; the company has a market cap of C$2.14 billion and a P/E of 34.92.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price objective reduced by research analysts at Canaccord Genuity Group from C$81.00 to C$70.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 10.15% from the stock's previous close.

A number of other research analysts also recently weighed in on BDGI. Canadian Imperial Bank of Commerce cut their price target on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a report on Monday. BMO Capital Markets lowered their target price 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. 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 report on Monday. Stifel Nicolaus reduced their price target on Badger Infrastructure Solutions from C$85.00 to C$81.00 and set a "buy" rating for the company in a research report on Monday. Finally, National Bank Financial set a C$82.00 price target on Badger Infrastructure Solutions and gave the stock a "sector perform" rating in a research note on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$77.13.

Badger Infrastructure Solutions Stock Down 4.7%

Shares of TSE BDGI traded down C$3.13 during trading hours on Monday, hitting C$63.55. The stock had a trading volume of 309,703 shares, compared to its average volume of 167,028. The firm's 50-day moving average price is C$73.77 and its two-hundred day moving average price is C$69.66. Badger Infrastructure Solutions has a 52 week low of C$33.62 and a 52 week high of C$82.57. The company has a market capitalization of C$2.14 billion, a P/E ratio of 34.92 and a beta of 0.55. 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 issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.47 earnings per share for the quarter. The firm had revenue of C$280.79 million for the quarter. Badger Infrastructure Solutions had a net margin of 7.30% and a return on equity of 24.10%. Analysts anticipate 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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