Canadian Imperial Bank of Commerce Issues Pessimistic Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its price target cut by equities research analysts at Canadian Imperial Bank of Commerce from C$86.00 to C$80.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 25.89% from the stock’s previous close.

BDGI has been the subject of a number of other research reports. Stifel Nicolaus lowered their price objective on shares of Badger Infrastructure Solutions from C$88.00 to C$85.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Canaccord Genuity Group downgraded Badger Infrastructure Solutions from a “buy” rating to a “hold” rating and set a C$81.00 target price for the company. in a research note on Monday, February 2nd. BMO Capital Markets lowered their target price on Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating for the company in a report on Friday. Acumen Capital increased 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 target price on Badger Infrastructure Solutions and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$77.13.

Badger Infrastructure Solutions Stock Performance

Shares of TSE BDGI traded down C$3.13 during trading on Monday, reaching C$63.55. The stock had a trading volume of 309,703 shares, compared to its average volume of 167,028. Badger Infrastructure Solutions has a one year low of C$33.62 and a one year high of C$82.57. The company has a debt-to-equity ratio of 87.32, a quick ratio of 1.49 and a current ratio of 1.37. The stock has a market cap of C$2.14 billion, a PE ratio of 34.92 and a beta of 0.55. The firm’s 50 day moving average price is C$73.77 and its two-hundred day moving average price is C$69.66.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The firm had revenue of C$280.79 million for the quarter. Badger Infrastructure Solutions had a return on equity of 24.10% and a net margin of 7.30%. On average, research analysts forecast that Badger Infrastructure Solutions will post 3.3008403 earnings per share 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.