Stifel Nicolaus Boosts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$82.00

Badger Infrastructure Solutions (TSE:BDGI) had its price target lifted by equities research analysts at Stifel Nicolaus from C$81.00 to C$82.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 29.97% from the company’s previous close.

BDGI has been the topic of several other reports. BMO Capital Markets dropped their target price on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Canadian Imperial Bank of Commerce dropped their target price on Badger Infrastructure Solutions from C$86.00 to C$80.00 in a research report on Monday, March 9th. National Bank Financial dropped their target price on Badger Infrastructure Solutions from C$82.00 to C$74.00 and set a “sector perform” rating on the stock in a research report on Monday, March 9th. Canaccord Genuity Group lowered their price objective on 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. Finally, TD Securities lowered their price objective on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Badger Infrastructure Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of C$77.25.

Badger Infrastructure Solutions Price Performance

Shares of TSE BDGI opened at C$63.09 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 87.32. Badger Infrastructure Solutions has a fifty-two week low of C$36.00 and a fifty-two week high of C$82.57. The firm’s 50-day simple moving average is C$65.90 and its 200 day simple moving average is C$70.51. The stock has a market cap of C$2.13 billion, a P/E ratio of 36.05 and a beta of 0.86.

Badger Infrastructure Solutions (TSE:BDGI) last issued its earnings results on Friday, March 6th. The company reported C$0.47 earnings per share for the quarter. Badger Infrastructure Solutions had a return on equity of 25.34% and a net margin of 7.59%.The company had revenue of C$280.79 million for the quarter. Equities analysts expect that Badger Infrastructure Solutions will post 3.3008403 EPS for the current 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.