Badger Infrastructure Solutions (TSE:BDGI) PT Raised to C$56.00 at Stifel Nicolaus

Badger Infrastructure Solutions (TSE:BDGI) had its price objective raised by equities research analysts at Stifel Nicolaus from C$55.50 to C$56.00 in a research note issued to investors on Friday, BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 45.80% from the stock’s previous close.

Several other research firms have also recently weighed in on BDGI. CIBC cut their price objective on Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Canaccord Genuity Group cut their price objective on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Raymond James cut their price objective on Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Finally, BMO Capital Markets cut their price objective on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$50.06.

Badger Infrastructure Solutions Stock Performance

BDGI opened at C$38.41 on Friday. The company has a market cap of C$1.32 billion, a PE ratio of 23.42 and a beta of 1.14. The stock has a 50-day moving average of C$37.03 and a 200-day moving average of C$41.30. Badger Infrastructure Solutions has a 52-week low of C$33.21 and a 52-week high of C$51.50. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65.

Insider Buying and Selling

In other Badger Infrastructure Solutions news, Senior Officer Pradeep Atluri purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of C$35.45 per share, for a total transaction of C$70,902.00. In other Badger Infrastructure Solutions news, Senior Officer Pradeep Atluri purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of C$35.45 per share, for a total transaction of C$70,902.00. Also, Senior Officer Julie Lee acquired 751 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of C$35.51 per share, for a total transaction of C$26,667.71. Insiders have acquired a total of 4,242 shares of company stock worth $137,096 in the last three months. Insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Company Profile

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.