Badger Infrastructure Solutions (TSE:BDGI) Price Target Lowered to C$74.00 at National Bank Financial

Badger Infrastructure Solutions (TSE:BDGI) had its price objective dropped by research analysts at National Bank Financial from C$82.00 to C$74.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 15.30% from the stock’s previous close.

A number of other brokerages have also recently issued reports on BDGI. Acumen Capital reduced their target price on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating for the company in a research report on Monday. Canadian Imperial Bank of Commerce cut their price objective on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a report on Monday. Stifel Nicolaus decreased their target price 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. Canaccord Genuity Group lowered their target price on Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating on the stock in a research note on Monday. Finally, TD Securities decreased their price objective on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a report on Monday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$77.13.

Badger Infrastructure Solutions Stock Performance

BDGI traded down C$2.50 during trading hours on Monday, reaching C$64.18. The company’s stock had a trading volume of 339,795 shares, compared to its average volume of 167,618. The company’s 50-day moving average is C$73.77 and its 200-day moving average is C$69.66. 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 market cap of C$2.17 billion, a PE ratio of 35.26 and a beta of 0.55. The company has a debt-to-equity ratio of 87.32, a quick ratio of 1.49 and a current ratio of 1.37.

Badger Infrastructure Solutions (TSE:BDGI) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.47 EPS for the quarter. Badger Infrastructure Solutions had a net margin of 7.30% and a return on equity of 24.10%. The firm had revenue of C$280.79 million during the quarter. On average, equities analysts forecast 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.