Badger Infrastructure Solutions (TSE:BDGI) Reaches New 1-Year High – What’s Next?

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$85.20 and last traded at C$85.09, with a volume of 46854 shares traded. The stock had previously closed at C$82.80.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Canaccord Genuity Group raised shares of Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$70.00 to C$90.00 in a research report on Monday, May 4th. Acumen Capital reduced their price objective 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, March 9th. TD Securities reduced 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 research report on Monday, March 9th. Finally, Raymond James Financial raised shares of Badger Infrastructure Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$73.00 to C$77.00 in a research report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$82.50.

Badger Infrastructure Solutions Trading Up 1.4%

The firm’s 50-day moving average price is C$68.17 and its 200 day moving average price is C$71.75. The company has a current ratio of 1.35, a quick ratio of 1.49 and a debt-to-equity ratio of 101.90. The company has a market cap of C$2.86 billion, a price-to-earnings ratio of 50.59 and a beta of 0.87.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a net margin of 7.11% and a return on equity of 23.71%. The business had revenue of C$282.57 million during the quarter. As a group, equities analysts expect that Badger Infrastructure Solutions Ltd. 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.