Badger Infrastructure Solutions (TSE:BDGI) Reaches New 52-Week High - What's Next?

Key Points

• Badger Infrastructure Solutions shares reached a new 52-week high of C$100.77, last trading at C$100.67 versus a prior close of C$96.20.
• Analyst sentiment remains positive, with seven Buy ratings and one Hold rating. Recent price-target increases range from C$103 to C$112, although the average target of C$94.75 is below the current share price.
• The company reported quarterly EPS of C$0.98 on revenue of C$365.33 million, with a 24.14% return on equity and 7.16% net margin; director Stephen James Jones also purchased 600 shares for approximately C$54,000.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) shares reached a new 52-week high during trading on Friday. The stock traded as high as C$100.77 and last traded at C$100.67, with a volume of 2065 shares traded. The stock had previously closed at C$96.20.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BDGI. Canadian Imperial Bank of Commerce increased their target price on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an "outperformer" rating in a research note on Wednesday, July 8th. National Bank Financial lifted their target price on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an "outperform" rating in a research report on Monday, July 13th. Canaccord Genuity Group boosted their price target on shares of 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. Finally, Raymond James Financial increased their price objective on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$94.75.

Badger Infrastructure Solutions Stock Performance

The firm's fifty day moving average price is C$87.48 and its 200-day moving average price is C$82.42. The company has a current ratio of 1.34, a quick ratio of 1.49 and a debt-to-equity ratio of 105.14. The firm has a market cap of C$3.36 billion, a price-to-earnings ratio of 55.42 and a beta of 0.82.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported C$0.98 earnings per share (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. Analysts expect that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current year.

Insiders Place Their Bets

In other Badger Infrastructure Solutions news, Director Stephen James Jones purchased 600 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of C$89.99 per share, for a total transaction of C$53,994.00. Following the purchase, the director directly owned 6,300 shares in the company, valued at approximately C$566,937. This trade represents a 10.53% increase in their ownership of the stock. 0.33% of the stock is currently owned by corporate 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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