Badger Infrastructure Solutions (TSE:BDGI) Stock Price Down 3% – What’s Next?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) shares were down 3% during mid-day trading on Wednesday . The company traded as low as C$71.73 and last traded at C$71.92. Approximately 167,421 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 152,270 shares. The stock had previously closed at C$74.18.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BDGI shares. National Bank Financial set a C$82.00 target price on shares of Badger Infrastructure Solutions and gave the stock a “sector perform” rating in a report on Friday, January 23rd. TD Securities upped their price objective on shares of Badger Infrastructure Solutions from C$70.00 to C$83.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Acumen Capital increased their price target on Badger Infrastructure Solutions from C$77.25 to C$82.25 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. BMO Capital Markets increased their target price on Badger Infrastructure Solutions from C$82.00 to C$85.00 in a report on Friday, January 16th. Finally, Stifel Nicolaus cut their price target on Badger Infrastructure Solutions from C$88.00 to C$85.00 and set a “buy” rating for the company in a report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Badger Infrastructure Solutions has an average rating of “Moderate Buy” and an average target price of C$81.53.

Badger Infrastructure Solutions Trading Down 3.0%

The company has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 39.52 and a beta of 0.84. The company has a debt-to-equity ratio of 88.59, a quick ratio of 1.49 and a current ratio of 1.48. The business’s 50-day simple moving average is C$74.02 and its 200-day simple moving average is C$69.34.

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. 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.