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

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$76.40 and last traded at C$75.96, with a volume of 187479 shares trading hands. The stock had previously closed at C$72.84.

Analyst Ratings Changes

BDGI has been the subject of several analyst reports. Canaccord Genuity Group increased their price target on shares of 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. Raymond James Financial lowered Badger Infrastructure Solutions from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$60.00 to C$72.00 in a research report on Wednesday, October 22nd. TD Securities lifted their target price 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. BMO Capital Markets upped their price target on Badger Infrastructure Solutions from C$55.00 to C$60.00 in a research note on Friday, October 10th. Finally, National Bankshares set a C$84.00 price target on Badger Infrastructure Solutions and gave the stock an “outperform” rating in a report on Thursday, November 27th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Badger Infrastructure Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.14.

Badger Infrastructure Solutions Stock Up 0.7%

The company has a market cap of C$2.58 billion, a PE ratio of 42.03 and a beta of 1.05. The firm has a 50-day simple moving average of C$69.86 and a two-hundred day simple moving average of C$58.18. 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 posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.91 EPS for the quarter. Badger Infrastructure Solutions had a return on equity of 16.64% and a net margin of 5.71%.The business had revenue of C$330.48 million for the quarter. Research analysts anticipate that Badger Infrastructure Solutions Ltd. 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.