BMO Capital Markets Boosts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$85.00

Badger Infrastructure Solutions (TSE:BDGI) had its target price lifted by equities research analysts at BMO Capital Markets from C$82.00 to C$85.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 3.90% from the company’s previous close.

Several other research analysts have also recently issued reports on BDGI. National Bankshares set a C$84.00 price objective on Badger Infrastructure Solutions and gave the stock an “outperform” rating in a research note on Thursday, November 27th. Canaccord Genuity Group raised their price target on shares of Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. TD Securities lifted their price objective on shares of Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Raymond James Financial lowered shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$60.00 to C$72.00 in a research note on Wednesday, October 22nd. Finally, Stifel Nicolaus raised their target price on shares of Badger Infrastructure Solutions from C$86.00 to C$88.00 in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$80.71.

Badger Infrastructure Solutions Stock Up 3.0%

TSE BDGI opened at C$81.81 on Friday. Badger Infrastructure Solutions has a one year low of C$33.62 and a one year high of C$82.50. The stock has a 50 day moving average price of C$74.54 and a 200-day moving average price of C$64.54. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. The company has a market capitalization of C$2.76 billion, a P/E ratio of 44.95 and a beta of 1.01.

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