Stifel Nicolaus Forecasts Strong Price Appreciation for Badger Infrastructure Solutions (TSE:BDGI) Stock

Key Points

• Stifel Nicolaus raised its price target on Badger Infrastructure Solutions from C$81.00 to C$82.00 and maintained a "buy" rating, implying a potential upside of 31.39% from the prior close.
• Other analysts mostly trimmed targets (Canaccord, TD, BMO, CIBC, Acumen), producing a mixed consensus of four "Buy" and four "Hold" ratings and an average target of C$77.25 ("Moderate Buy").
• The stock traded around C$62.41 with a market cap of C$2.11B and a P/E of 35.66; the company reported quarterly EPS of C$0.47, a 7.59% net margin and C$280.8M in revenue.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) had its price target boosted by investment analysts at Stifel Nicolaus from C$81.00 to C$82.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price objective would suggest a potential upside of 31.39% from the company's previous close.

Several other research firms have also issued reports on BDGI. Canaccord Genuity Group lowered their price target on shares of Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a "hold" rating for the company in a report on Monday, March 9th. TD Securities lowered their price target on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a "buy" rating for the company in a report on Monday, March 9th. BMO Capital Markets reduced their price objective on shares of Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a "market perform" rating for the company in a research report on Friday, March 6th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research report on Monday, March 9th. Finally, Acumen Capital reduced their price objective on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a "buy" rating for the company in a research report on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$77.25.

Badger Infrastructure Solutions Trading Up 2.0%

Badger Infrastructure Solutions stock traded up C$1.22 during mid-day trading on Friday, hitting C$62.41. 91,085 shares of the stock were exchanged, compared to its average volume of 180,522. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 87.32. Badger Infrastructure Solutions has a 12 month low of C$36.00 and a 12 month high of C$82.57. The firm's fifty day simple moving average is C$66.02 and its two-hundred day simple moving average is C$70.43. The stock has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 35.66 and a beta of 0.86.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last released its quarterly earnings results on Friday, March 6th. The company reported C$0.47 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a net margin of 7.59% and a return on equity of 25.34%. The firm had revenue of C$280.79 million during the quarter. 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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