Raymond James Financial Issues Pessimistic Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Key Points

• Raymond James cut its price target on Badger Infrastructure Solutions from C$83.00 to C$73.00, a more pessimistic outlook that still implies about a 13.57% upside from the current share price.
• Analyst sentiment is mixed—four analysts rate the stock "Buy" and four "Hold"—with a consensus of "Moderate Buy" and an average price target of C$77.38 after several firms adjusted their targets.
• Badger trades at C$64.28 (market cap ~C$2.17B) with a P/E of 36.73; recent quarterly results showed C$0.47 EPS on C$280.79M revenue and a twelve‑month range of C$37.00–C$82.57.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its target price cut by research analysts at Raymond James Financial from C$83.00 to C$73.00 in a research report issued on Wednesday,BayStreet.CA reports. Raymond James Financial's price objective suggests a potential upside of 13.57% from the company's current price.

Several other research firms have also issued reports on BDGI. Acumen Capital dropped their price objective on Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a "buy" rating for the company in a research note on Monday, March 9th. Stifel Nicolaus lifted their price target on Badger Infrastructure Solutions from C$81.00 to C$82.00 and gave the company a "buy" rating in a report on Friday, April 17th. Canaccord Genuity Group decreased their price objective on shares of Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a "hold" rating on the stock in a report on Monday, March 9th. Canadian Imperial Bank of Commerce dropped their target price on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research note on Monday, March 9th. Finally, TD Securities decreased their price target on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a "buy" rating on the stock in a research note on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$77.38.

Badger Infrastructure Solutions Stock Performance

TSE:BDGI traded up C$0.58 during trading hours on Wednesday, hitting C$64.28. 117,612 shares of the company traded hands, compared to its average volume of 177,100. The stock has a market capitalization of C$2.17 billion, a price-to-earnings ratio of 36.73 and a beta of 0.86. Badger Infrastructure Solutions has a twelve month low of C$37.00 and a twelve month high of C$82.57. The firm has a 50-day moving average of C$65.30 and a 200 day moving average of C$70.62. The company has a current ratio of 1.37, a quick ratio of 1.49 and a debt-to-equity ratio of 87.32.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last posted its quarterly earnings results on Friday, March 6th. 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 7.59% and a return on equity of 25.34%. On average, analysts forecast that Badger Infrastructure Solutions will post 3.3008403 EPS for the current year.

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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