Badger Infrastructure Solutions (TSE:BDGI) Shares Up 0.8% – Here’s Why

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s share price rose 0.8% during trading on Monday . The stock traded as high as C$76.74 and last traded at C$76.60. Approximately 84,777 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 96,851 shares. The stock had previously closed at C$75.97.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Badger Infrastructure Solutions from C$86.00 to C$88.00 in a report on Monday, November 10th. BMO Capital Markets lifted their price objective on Badger Infrastructure Solutions from C$70.00 to C$82.00 in a research report on Monday, December 8th. TD Securities increased their target price on Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the company a “buy” rating in a report on Friday, November 7th. CIBC raised their price target on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research report on Friday, November 7th. Finally, Raymond James Financial cut Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$60.00 to C$72.00 in a report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$80.29.

Badger Infrastructure Solutions Price Performance

The company has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 42.09 and a beta of 1.01. The company has a fifty day simple moving average of C$74.05 and a two-hundred day simple moving average of C$63.78. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.91 earnings per share (EPS) for the quarter. The firm had revenue of C$330.48 million for the quarter. Badger Infrastructure Solutions had a return on equity of 16.64% and a net margin of 5.71%. As a group, research analysts anticipate that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current year.

Badger Infrastructure Solutions Company Profile

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.