Badger Infrastructure Solutions (TSE:BDGI) Upgraded by CIBC to Outperform

CIBC upgraded shares of Badger Infrastructure Solutions (TSE:BDGI) from a neutral rating to an outperform rating in a report published on Friday morning, BayStreet.CA reports. CIBC currently has C$54.00 price objective on the stock, up from their previous price objective of C$52.00.

A number of other research analysts have also recently issued reports on BDGI. Scotiabank lifted their target price on Badger Infrastructure Solutions from C$48.00 to C$52.00 and gave the company a sector perform rating in a research report on Friday, March 22nd. Raymond James boosted their price objective on Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the company an outperform rating in a research note on Thursday, March 21st. Stifel Nicolaus upped their price objective on shares of Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the company a buy rating in a report on Friday. Acumen Capital boosted their price objective on Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a speculative buy rating in a report on Thursday, March 21st. Finally, Canaccord Genuity Group increased their price target on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a buy rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of C$53.44.

Badger Infrastructure Solutions Stock Down 1.9 %

Badger Infrastructure Solutions stock opened at C$43.30 on Friday. Badger Infrastructure Solutions has a twelve month low of C$24.55 and a twelve month high of C$51.50. The stock has a market cap of C$1.49 billion, a P/E ratio of 26.24 and a beta of 1.17. The company’s 50-day moving average price is C$47.36 and its two-hundred day moving average price is C$43.67. The company has a quick ratio of 1.49, a current ratio of 1.44 and a debt-to-equity ratio of 86.09.

Insider Activity

In related news, Senior Officer Joseph Patrick Wieneke purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average price of C$31.64 per share, with a total value of C$31,643.80. In other news, Director Robert George Blackadar acquired 2,000 shares of Badger Infrastructure Solutions stock in a transaction dated Monday, March 25th. The stock was purchased at an average cost of C$37.05 per share, with a total value of C$74,100.00. Also, Senior Officer Joseph Patrick Wieneke purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average cost of C$31.64 per share, for a total transaction of C$31,643.80. Insiders have acquired a total of 4,000 shares of company stock valued at $139,694 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

About Badger Infrastructure Solutions

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.