Badger Infrastructure Solutions (TSE:BDGI) Stock Price Expected to Rise, Raymond James Analyst Says

Badger Infrastructure Solutions (TSE:BDGI) had its target price hoisted by Raymond James from C$46.00 to C$50.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 27.03% from the stock’s current price.

A number of other research analysts have also recently weighed in on BDGI. Stifel Nicolaus lifted their price target on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. CIBC increased their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$55.00 in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Badger Infrastructure Solutions currently has an average rating of “Moderate Buy” and a consensus price target of C$51.50.

Badger Infrastructure Solutions Trading Down 4.1 %

Shares of BDGI stock traded down C$1.69 on Friday, reaching C$39.36. 132,139 shares of the stock were exchanged, compared to its average volume of 111,680. Badger Infrastructure Solutions has a 1-year low of C$34.85 and a 1-year high of C$51.50. The stock has a market cap of C$940.21 million, a P/E ratio of 22.78 and a beta of 1.14. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The firm has a 50 day moving average of C$38.60 and a two-hundred day moving average of C$38.15.

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.