BMO Capital Markets Cuts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$80.00

Badger Infrastructure Solutions (TSE:BDGI) had its target price decreased by analysts at BMO Capital Markets from C$85.00 to C$80.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 19.94% from the company’s current price.

Several other research analysts also recently issued reports on BDGI. Canadian Imperial Bank of Commerce upped their price objective on Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research note on Friday, November 7th. Canaccord Genuity Group downgraded shares of 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 note on Monday, February 2nd. TD Securities boosted their price objective on shares of Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Acumen Capital raised their target price on Badger Infrastructure Solutions from C$77.25 to C$82.25 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, National Bank Financial set a C$82.00 price target on Badger Infrastructure Solutions and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and an average target price of C$80.91.

Badger Infrastructure Solutions Stock Performance

BDGI traded down C$4.05 on Friday, reaching C$66.70. The company had a trading volume of 469,554 shares, compared to its average volume of 160,871. The stock has a market cap of C$2.25 billion, a P/E ratio of 36.65 and a beta of 0.55. The company has a debt-to-equity ratio of 88.59, a quick ratio of 1.49 and a current ratio of 1.48. Badger Infrastructure Solutions has a fifty-two week low of C$33.62 and a fifty-two week high of C$82.57. The company’s fifty day moving average is C$73.93 and its 200 day moving average is C$69.35.

Badger Infrastructure Solutions (TSE:BDGI) last announced its earnings results on Thursday, March 5th. The company reported C$0.47 earnings per share for the quarter. The company had revenue of C$280.79 million for the quarter. Badger Infrastructure Solutions had a return on equity of 27.08% and a net margin of 8.10%. As a group, analysts predict that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current fiscal year.

Badger Infrastructure Solutions Company Profile

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.