Badger Infrastructure Solutions Ltd. (TSE:BDGI) Stock Has Consensus Target Price of C$94.75

Key Points

• Badger Infrastructure Solutions has a “Moderate Buy” consensus rating, with seven buy recommendations and one hold among eight analysts. The average 12-month price target is C$94.75.
• Several brokerages recently raised their price targets, including Canaccord Genuity to C$112, National Bank to C$103, CIBC to C$104, and Raymond James to C$105.
• The stock opened at C$90.37 and has a one-year range of C$59.98 to C$102.12. In its latest quarter, the company reported C$0.98 in EPS and C$365.33 million in revenue.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$94.75.

A number of brokerages have issued reports on BDGI. Canaccord Genuity Group raised their target price on Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. National Bank Financial lifted their price target on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an "outperform" rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce boosted their price target on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an "outperformer" rating in a research report on Wednesday, July 8th. Finally, Raymond James Financial upped their price objective on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an "outperform" rating in a report on Friday, July 31st.

Badger Infrastructure Solutions Price Performance

BDGI stock opened at C$90.37 on Friday. The company has a debt-to-equity ratio of 105.14, a current ratio of 1.34 and a quick ratio of 1.49. The business has a 50 day simple moving average of C$88.22 and a 200-day simple moving average of C$84.55. The firm has a market capitalization of C$3.04 billion, a PE ratio of 50.21 and a beta of 0.64. Badger Infrastructure Solutions has a 1 year low of C$59.98 and a 1 year high of C$102.12.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.98 EPS for the quarter. Badger Infrastructure Solutions had a return on equity of 24.14% and a net margin of 7.16%. The firm had revenue of C$365.33 million during the quarter. Equities research analysts anticipate that Badger Infrastructure Solutions will post 3.30 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Stephen James Jones purchased 600 shares of Badger Infrastructure Solutions stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of C$89.99 per share, with a total value of C$53,994.00. Following the transaction, the director owned 6,300 shares in the company, valued at C$566,937. This represents a 10.53% increase in their ownership of the stock. 0.33% of the stock is owned by company insiders.

About Badger Infrastructure Solutions

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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