Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$98.00 at Raymond James Financial

Badger Infrastructure Solutions (TSE:BDGI) had its target price lifted by research analysts at Raymond James Financial from C$77.00 to C$98.00 in a research note issued to investors on Friday,BayStreet.CA reports. Raymond James Financial’s price objective suggests a potential upside of 8.83% from the company’s current price.

BDGI has been the topic of several other reports. Acumen Capital lowered their target price on shares of Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating on the stock in a report on Monday, March 9th. National Bank Financial raised shares of Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 target price on the stock in a report on Friday, May 1st. Canaccord Genuity Group raised shares of Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and raised their target price for the stock from C$70.00 to C$90.00 in a report on Monday, May 4th. Stifel Nicolaus raised their target price 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. Finally, TD Securities lowered their target price on shares of Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Badger Infrastructure Solutions currently has an average rating of “Moderate Buy” and an average target price of C$85.13.

Badger Infrastructure Solutions Stock Performance

Badger Infrastructure Solutions stock traded down C$0.28 during trading hours on Friday, hitting C$90.05. The company had a trading volume of 106,929 shares, compared to its average volume of 180,476. The firm has a market cap of C$3.03 billion, a PE ratio of 53.60 and a beta of 0.87. The company has a debt-to-equity ratio of 101.90, a current ratio of 1.35 and a quick ratio of 1.49. Badger Infrastructure Solutions has a one year low of C$44.53 and a one year high of C$91.41. The firm has a 50-day moving average of C$73.12 and a 200 day moving average of C$72.78.

Badger Infrastructure Solutions (TSE:BDGI) last released its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share for the quarter. The firm had revenue of C$282.57 million for the quarter. Badger Infrastructure Solutions had a net margin of 7.11% and a return on equity of 23.71%. On average, sell-side analysts expect that Badger Infrastructure Solutions will post 3.3008403 earnings per share 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.