Badger Infrastructure Solutions (TSE:BDGI) Reaches New 1-Year High – Time to Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$90.66 and last traded at C$87.55, with a volume of 138590 shares changing hands. The stock had previously closed at C$87.88.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BDGI shares. Stifel Nicolaus raised their price target on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a report on Monday, May 4th. Acumen Capital decreased their price target on Badger Infrastructure Solutions from C$82.25 to C$80.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Raymond James Financial raised Badger Infrastructure Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$73.00 to C$77.00 in a report on Monday, May 4th. National Bank Financial raised Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 price target on the stock in a report on Friday, May 1st. Finally, BMO Capital Markets decreased their price target on 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. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$82.50.

Badger Infrastructure Solutions Stock Down 1.1%

The company has a fifty day moving average price of C$72.60 and a 200-day moving average price of C$72.65. The company has a quick ratio of 1.49, a current ratio of 1.35 and a debt-to-equity ratio of 101.90. The stock has a market capitalization of C$3.00 billion, a P/E ratio of 53.06 and a beta of 0.87.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.31 earnings per share 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 for the quarter. As a group, research analysts forecast that Badger Infrastructure Solutions Ltd. will post 3.3008403 EPS for the current fiscal 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.