Badger Infrastructure Solutions (TSE:BDGI) Stock Price Down 2.1% – Time to Sell?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) shares fell 2.1% on Monday . The company traded as low as C$60.57 and last traded at C$60.98. 140,957 shares changed hands during trading, a decline of 25% from the average session volume of 187,699 shares. The stock had previously closed at C$62.31.

Wall Street Analysts Forecast Growth

BDGI has been the subject of several recent research reports. TD Securities decreased their price objective on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a report on Monday, March 9th. Canaccord Genuity Group dropped their price objective on shares of Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating on the stock in a report on Monday, March 9th. BMO Capital Markets cut their price target on shares of Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating on the stock in a report on Friday, March 6th. Canadian Imperial Bank of Commerce reduced their price objective on Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research note on Monday, March 9th. Finally, Stifel Nicolaus dropped their price target on shares of Badger Infrastructure Solutions from C$85.00 to C$81.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$77.13.

Badger Infrastructure Solutions Stock Down 2.1%

The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 87.32. The business’s 50-day moving average is C$69.80 and its two-hundred day moving average is C$70.32. The stock has a market capitalization of C$2.06 billion, a price-to-earnings ratio of 34.85 and a beta of 0.55.

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