Badger Infrastructure Solutions (TSE:BDGI) Upgraded to Outperform at CIBC

Badger Infrastructure Solutions (TSE:BDGI) was upgraded by research analysts at CIBC from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a C$54.00 target price on the stock, up from their previous target price of C$52.00. CIBC’s target price would suggest a potential upside of 24.71% from the company’s previous close.

Several other analysts have also weighed in on the company. BMO Capital Markets lifted their price objective on Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Scotiabank lifted their price target on shares of Badger Infrastructure Solutions from C$48.00 to C$52.00 and gave the stock a “sector perform” rating in a research note on Friday, March 22nd. Stifel Nicolaus increased their price objective on shares of Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the company a “buy” rating in a research note on Friday. Raymond James lifted their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Finally, Canaccord Genuity Group increased their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Badger Infrastructure Solutions has an average rating of “Moderate Buy” and a consensus target price of C$53.44.

Badger Infrastructure Solutions Stock Down 1.9 %

TSE BDGI opened at C$43.30 on Friday. Badger Infrastructure Solutions has a twelve month low of C$24.55 and a twelve month high of C$51.50. The stock has a market cap of C$1.49 billion, a PE ratio of 26.24 and a beta of 1.17. The firm has a 50-day simple moving average of C$47.36 and a 200 day simple moving average of C$43.55. The company has a debt-to-equity ratio of 86.09, a quick ratio of 1.49 and a current ratio of 1.44.

Insider Activity

In other news, Senior Officer Joseph Patrick Wieneke acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were purchased at an average cost of C$31.64 per share, with a total value of C$31,643.80. In other Badger Infrastructure Solutions news, Director Robert George Blackadar bought 2,000 shares of the stock in a transaction dated Monday, March 25th. The stock was bought at an average cost of C$37.05 per share, for a total transaction of C$74,100.00. Also, Senior Officer Joseph Patrick Wieneke purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of C$31.64 per share, with a total value of C$31,643.80. In the last quarter, insiders have bought 4,000 shares of company stock worth $139,694. Corporate insiders own 0.37% of the company’s stock.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.