Stifel Nicolaus Has Lowered Expectations for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its target price cut by stock analysts at Stifel Nicolaus from C$88.00 to C$85.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 23.33% from the stock’s current price.

Several other equities research analysts have also commented on the stock. TD Securities boosted their price target on shares of 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. Raymond James Financial downgraded shares of Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from C$60.00 to C$72.00 in a research note on Wednesday, October 22nd. Canadian Imperial Bank of Commerce increased their target price on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research report on Friday, November 7th. National Bankshares set a C$82.00 price target on Badger Infrastructure Solutions and gave the company a “sector perform” rating in a report on Friday, January 23rd. Finally, Canaccord Genuity Group lowered Badger Infrastructure Solutions from a “buy” rating to a “hold” rating and set a C$81.00 price target for the company. in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$81.43.

Badger Infrastructure Solutions Stock Down 0.2%

Shares of TSE:BDGI opened at C$68.92 on Friday. The business’s 50 day moving average is C$75.73 and its 200 day moving average is C$67.19. The stock has a market cap of C$2.33 billion, a P/E ratio of 37.87 and a beta of 0.84. Badger Infrastructure Solutions has a 52-week low of C$33.62 and a 52-week high of C$82.57. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49.

Badger Infrastructure Solutions (TSE:BDGI) last issued its earnings results on Wednesday, November 5th. The company reported C$0.91 earnings per share for the quarter. Badger Infrastructure Solutions had a return on equity of 16.64% and a net margin of 5.71%.The business had revenue of C$330.48 million during the quarter. Sell-side 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.