Raymond James Financial Upgrades Badger Infrastructure Solutions (TSE:BDGI) to Outperform

Key Points

• Raymond James upgraded Badger Infrastructure Solutions from "market perform" to "outperform" and raised its target to C$77 from C$73, a target the firm says implies about a 3.95% downside from the then-current share price.
• Analyst consensus remains a "Moderate Buy" with seven Buy ratings and one Hold and a consensus price target of C$82.50, despite several firms trimming their individual targets recently.
• Market and recent results: BDGI traded up C$1.81 to C$80.17, has a market cap of C$2.70 billion, reported Q EPS of C$0.31 on C$282.6M revenue, a P/E of ~47.7 and a debt-to-equity ratio around 101.9%.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) was upgraded by equities researchers at Raymond James Financial from a "market perform" rating to an "outperform" rating in a research report issued on Monday,BayStreet.CA reports. The firm presently has a C$77.00 target price on the stock, up from their previous target price of C$73.00. Raymond James Financial's price objective suggests a potential downside of 3.95% from the stock's current price.

Other research analysts also recently issued research reports about the stock. 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, March 9th. Canaccord Genuity Group cut their price target 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. Acumen Capital cut their price target on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a "buy" rating on the stock in a report on Monday, March 9th. National Bank Financial upgraded shares of Badger Infrastructure Solutions from a "sector perform" rating to an "outperform" rating and set a C$74.00 price target on the stock in a report on Friday. Finally, TD Securities cut 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 report on Monday, March 9th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Badger Infrastructure Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of C$82.50.

Badger Infrastructure Solutions Stock Up 2.3%

BDGI stock traded up C$1.81 during midday trading on Monday, reaching C$80.17. The company had a trading volume of 252,133 shares, compared to its average volume of 182,197. Badger Infrastructure Solutions has a 1 year low of C$39.98 and a 1 year high of C$82.67. The company has a current ratio of 1.35, a quick ratio of 1.49 and a debt-to-equity ratio of 101.90. The company has a market capitalization of C$2.70 billion, a P/E ratio of 47.72 and a beta of 0.86. The company has a 50 day moving average of C$65.06 and a two-hundred day moving average of C$70.61.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. The company had revenue of C$282.57 million during the quarter. Badger Infrastructure Solutions had a net margin of 7.11% and a return on equity of 23.71%. On average, equities research analysts expect that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current fiscal 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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