Acumen Capital Increases Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$82.25

Badger Infrastructure Solutions (TSE:BDGI) had its price objective raised by Acumen Capital from C$77.25 to C$82.25 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price indicates a potential upside of 25.00% from the company’s previous close.

BDGI has been the subject of several other research reports. National Bank Financial set a C$82.00 target price on shares of Badger Infrastructure Solutions and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. BMO Capital Markets increased their price target on shares of Badger Infrastructure Solutions from C$82.00 to C$85.00 in a report on Friday, January 16th. Stifel Nicolaus lowered their price objective on Badger Infrastructure Solutions from C$88.00 to C$85.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Raymond James Financial cut Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$60.00 to C$72.00 in a research report on Wednesday, October 22nd. Finally, Canadian Imperial Bank of Commerce increased their target price on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research note on Friday, November 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$81.53.

Badger Infrastructure Solutions Price Performance

Badger Infrastructure Solutions stock opened at C$65.80 on Wednesday. Badger Infrastructure Solutions has a 12 month low of C$33.62 and a 12 month high of C$82.57. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. The business has a 50 day simple moving average of C$75.27 and a 200-day simple moving average of C$67.48. The stock has a market capitalization of C$2.22 billion, a PE ratio of 36.15 and a beta of 0.84.

Badger Infrastructure Solutions (TSE:BDGI) last posted 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%. Equities analysts predict that Badger Infrastructure Solutions 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.