Badger Infrastructure Solutions (TSE:BDGI) Hits New 52-Week High – Should You Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) hit a new 52-week high on Wednesday . The stock traded as high as C$85.20 and last traded at C$85.09, with a volume of 46854 shares changing hands. The stock had previously closed at C$82.80.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BDGI shares. National Bank Financial raised Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 price objective for the company in a report on Friday, May 1st. Canaccord Genuity Group raised Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$70.00 to C$90.00 in a report on Monday, May 4th. TD Securities dropped their price objective on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a report on Monday, March 9th. Stifel Nicolaus boosted their price target on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Badger Infrastructure Solutions from C$78.00 to C$85.00 in a report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$82.50.

Badger Infrastructure Solutions Price Performance

The company has a debt-to-equity ratio of 101.90, a quick ratio of 1.49 and a current ratio of 1.35. The company has a market cap of C$2.84 billion, a price-to-earnings ratio of 50.26 and a beta of 0.87. The business has a fifty day moving average price of C$67.39 and a 200 day moving average price of C$71.60.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 EPS for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%.The company had revenue of C$282.57 million during the quarter. As a group, research analysts anticipate that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current year.

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.