BMO Capital Markets Has Lowered Expectations for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its target price decreased by stock analysts at BMO Capital Markets from C$85.00 to C$80.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 19.98% from the company’s previous close.

Several other analysts have also commented on BDGI. TD Securities increased their price objective 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. Acumen Capital boosted their target price on Badger Infrastructure Solutions from C$77.25 to C$82.25 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Canadian Imperial Bank of Commerce upped their target price on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research report on Friday, November 7th. National Bank Financial set a C$82.00 price target on Badger Infrastructure Solutions and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Finally, Canaccord Genuity Group downgraded Badger Infrastructure Solutions from a “buy” rating to a “hold” rating and set a C$81.00 price target for the company. in a report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$80.91.

Badger Infrastructure Solutions Stock Down 5.8%

TSE:BDGI opened at C$66.68 on Friday. Badger Infrastructure Solutions has a fifty-two week low of C$33.62 and a fifty-two week high of C$82.57. The stock has a market capitalization of C$2.25 billion, a P/E ratio of 36.64 and a beta of 0.55. The company has a debt-to-equity ratio of 87.32, a quick ratio of 1.49 and a current ratio of 1.37. The company’s 50-day simple moving average is C$73.77 and its 200-day simple moving average is C$69.55.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings data on Thursday, March 5th. The company reported C$0.47 EPS for the quarter. The firm had revenue of C$280.79 million during the quarter. Badger Infrastructure Solutions had a net margin of 7.30% and a return on equity of 24.10%. On average, equities analysts anticipate that Badger Infrastructure Solutions will post 3.3008403 earnings per share 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.