Badger Infrastructure Solutions (TSE:BDGI) Cut to “Market Perform” at Raymond James Financial

Raymond James Financial downgraded shares of Badger Infrastructure Solutions (TSE:BDGI) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The firm currently has C$72.00 price target on the stock, up from their previous price target of C$60.00.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets upped their price objective on shares of Badger Infrastructure Solutions from C$55.00 to C$60.00 in a report on Friday, October 10th. CIBC boosted their price target on Badger Infrastructure Solutions from C$62.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Canaccord Genuity Group increased their price objective on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. TD Securities set a C$70.00 price objective on Badger Infrastructure Solutions and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Stifel Nicolaus boosted their target price on Badger Infrastructure Solutions from C$63.00 to C$70.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$69.00.

Badger Infrastructure Solutions Stock Up 0.2%

Shares of Badger Infrastructure Solutions stock opened at C$70.25 on Wednesday. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. The firm has a market cap of C$2.37 billion, a price-to-earnings ratio of 43.10 and a beta of 0.97. The stock has a 50-day simple moving average of C$60.82 and a 200-day simple moving average of C$51.15. Badger Infrastructure Solutions has a 52-week low of C$33.62 and a 52-week high of C$71.36.

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.