Badger Infrastructure Solutions (TSE:BDGI) Given New C$105.00 Price Target at Raymond James Financial

Badger Infrastructure Solutions (TSE:BDGI) had its price objective lifted by analysts at Raymond James Financial from C$98.00 to C$105.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 15.70% from the stock’s current price.

BDGI has been the subject of several other reports. Canaccord Genuity Group upped their price target on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the company a “buy” rating in a research report on Friday, June 26th. National Bank Financial lifted their price target on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Stifel Nicolaus boosted their price objective on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an “outperformer” rating in a report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$94.75.

Badger Infrastructure Solutions Trading Up 6.7%

Badger Infrastructure Solutions stock traded up C$5.66 during trading hours on Friday, hitting C$90.75. The stock had a trading volume of 152,353 shares, compared to its average volume of 167,182. The business’s 50 day simple moving average is C$91.06 and its 200-day simple moving average is C$77.76. Badger Infrastructure Solutions has a one year low of C$50.87 and a one year high of C$99.46. The stock has a market cap of C$3.05 billion, a price-to-earnings ratio of 54.02 and a beta of 0.81. The company has a quick ratio of 1.49, a current ratio of 1.35 and a debt-to-equity ratio of 101.90.

Badger Infrastructure Solutions (TSE:BDGI) last released its quarterly earnings data on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%.The company had revenue of C$282.57 million during the quarter. On average, equities analysts predict that Badger Infrastructure Solutions will post 3.3008403 EPS 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.