Badger Infrastructure Solutions (TSE:BDGI) Hits New 12-Month High – Here’s Why

Badger Infrastructure Solutions Ltd. (TSE:BDGI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$79.03 and last traded at C$79.28, with a volume of 146407 shares trading hands. The stock had previously closed at C$77.45.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. CIBC boosted their price objective on shares of Badger Infrastructure Solutions from C$71.00 to C$82.00 in a research note on Friday, November 7th. TD Securities upped their price target on Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Canaccord Genuity Group increased their price target on Badger Infrastructure Solutions from C$60.00 to C$71.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Stifel Nicolaus raised their price objective on Badger Infrastructure Solutions from C$86.00 to C$88.00 in a research report on Monday, November 10th. Finally, Raymond James Financial cut Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$60.00 to C$72.00 in a report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Badger Infrastructure Solutions presently has a consensus rating of “Moderate Buy” and an average price target of C$80.29.

Badger Infrastructure Solutions Stock Performance

The firm has a market capitalization of C$2.69 billion, a P/E ratio of 43.85 and a beta of 1.01. The stock has a fifty day simple moving average of C$74.21 and a two-hundred day simple moving average of C$64.08. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.91 EPS for the quarter. The company had revenue of C$330.48 million during the quarter. Badger Infrastructure Solutions had a net margin of 5.71% and a return on equity of 16.64%. On average, research analysts predict that Badger Infrastructure Solutions Ltd. will post 3.3008403 EPS for the current 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.