Badger Infrastructure Solutions (TSE:BDGI) Downgraded to “Hold” Rating by Canaccord Genuity Group

Canaccord Genuity Group cut shares of Badger Infrastructure Solutions (TSE:BDGI) from a buy rating to a hold rating in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has C$81.00 price target on the stock.

A number of other research analysts have also weighed in on the company. BMO Capital Markets raised their target price on Badger Infrastructure Solutions from C$82.00 to C$85.00 in a report on Friday, January 16th. Stifel Nicolaus raised their price objective on Badger Infrastructure Solutions from C$86.00 to C$88.00 in a research note on Monday, November 10th. CIBC upped their target price on shares of Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research note on Friday, November 7th. Raymond James Financial downgraded shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$60.00 to C$72.00 in a report on Wednesday, October 22nd. Finally, National Bankshares set a C$82.00 price target on shares of Badger Infrastructure Solutions and gave the stock a “sector perform” rating in a report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$81.86.

Badger Infrastructure Solutions Stock Down 4.2%

Badger Infrastructure Solutions stock opened at C$73.75 on Monday. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. Badger Infrastructure Solutions has a 52-week low of C$33.62 and a 52-week high of C$82.57. The firm has a 50 day moving average price of C$75.88 and a two-hundred day moving average price of C$66.81. The firm has a market cap of C$2.49 billion, a price-to-earnings ratio of 40.52 and a beta of 1.01.

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 during the quarter. Badger Infrastructure Solutions had a return on equity of 16.64% and a net margin of 5.71%. Equities analysts predict 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.