Raymond James Issues Pessimistic Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its price objective reduced by investment analysts at Raymond James from C$50.00 to C$46.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 26.48% from the company’s previous close.

Several other equities research analysts have also weighed in on BDGI. CIBC dropped their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Canaccord Genuity Group dropped their price objective on shares of Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. BMO Capital Markets decreased their target price on shares of 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. Finally, Stifel Nicolaus decreased their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a research report on Friday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Badger Infrastructure Solutions has an average rating of “Moderate Buy” and an average target price of C$48.81.

Badger Infrastructure Solutions Stock Performance

BDGI traded up C$0.15 on Friday, hitting C$36.37. 100,398 shares of the company’s stock were exchanged, compared to its average volume of 71,945. The firm has a market cap of C$1.25 billion, a PE ratio of 22.18 and a beta of 1.14. Badger Infrastructure Solutions has a twelve month low of C$34.85 and a twelve month high of C$51.50. The stock has a fifty day moving average of C$38.24 and a two-hundred day moving average of C$40.08. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25.

Insider Activity

In related news, Senior Officer Julie Lee acquired 751 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. In related news, Senior Officer Julie Lee acquired 751 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Also, Senior Officer Pradeep Atluri acquired 2,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of C$35.45 per share, with a total value of C$70,902.00. Insiders purchased 4,242 shares of company stock worth $137,096 over the last three months. Corporate insiders own 0.33% of the company’s stock.

About Badger Infrastructure Solutions

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.