Raymond James Financial Upgrades Badger Infrastructure Solutions (TSE:BDGI) to Outperform

Badger Infrastructure Solutions (TSE:BDGI) was upgraded by research analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a C$77.00 target price on the stock, up from their prior target price of C$73.00. Raymond James Financial’s target price suggests a potential downside of 3.95% from the stock’s current price.

BDGI has been the topic of several other research reports. BMO Capital Markets dropped their target price on shares of Badger Infrastructure Solutions from C$85.00 to C$80.00 and set a “market perform” rating on the stock in a report on Friday, March 6th. Canaccord Genuity Group dropped their price objective on shares of Badger Infrastructure Solutions from C$81.00 to C$70.00 and set a “hold” rating on the stock in a report on Monday, March 9th. Stifel Nicolaus boosted their price objective on shares of Badger Infrastructure Solutions from C$81.00 to C$82.00 and gave the stock a “buy” rating in a report on Friday, April 17th. TD Securities dropped their price objective 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. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Badger Infrastructure Solutions from C$86.00 to C$80.00 in a report on Monday, March 9th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$82.50.

Badger Infrastructure Solutions Stock Performance

BDGI traded up C$1.81 during trading on Monday, hitting C$80.17. The stock had a trading volume of 252,133 shares, compared to its average volume of 182,197. The firm has a market cap of C$2.70 billion, a PE ratio of 47.72 and a beta of 0.86. Badger Infrastructure Solutions has a 12 month low of C$39.98 and a 12 month high of C$82.67. The company has a current ratio of 1.35, a quick ratio of 1.49 and a debt-to-equity ratio of 101.90. The company has a 50 day simple moving average of C$65.06 and a 200-day simple moving average of C$70.61.

Badger Infrastructure Solutions (TSE:BDGI) last announced its earnings results on Thursday, April 30th. The company reported C$0.31 EPS 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%. Analysts expect that Badger Infrastructure Solutions will post 3.3008403 EPS 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.