Badger Infrastructure Solutions (TSE:BDGI) Lifted to “Outperform” at CIBC

CIBC upgraded shares of Badger Infrastructure Solutions (TSE:BDGI) from a neutral rating to an outperform rating in a report released on Friday morning, BayStreet.CA reports. CIBC currently has C$54.00 target price on the stock, up from their previous target price of C$52.00.

Several other research firms have also recently weighed in on BDGI. Stifel Nicolaus raised their price target on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the company a buy rating in a report on Friday. Canaccord Genuity Group boosted their price objective on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a buy rating in a research note on Monday, March 4th. Acumen Capital lifted their target price on Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a speculative buy rating in a report on Thursday, March 21st. Raymond James raised their price target on Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the stock an outperform rating in a research note on Thursday, March 21st. Finally, Scotiabank increased their target price on Badger Infrastructure Solutions from C$48.00 to C$52.00 and gave the stock a sector perform rating in a research note on Friday, March 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$53.44.

Badger Infrastructure Solutions Price Performance

Shares of Badger Infrastructure Solutions stock opened at C$43.30 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.44 and a debt-to-equity ratio of 86.09. Badger Infrastructure Solutions has a 52 week low of C$24.55 and a 52 week high of C$51.50. The stock’s 50-day simple moving average is C$47.36 and its 200-day simple moving average is C$43.67. The company has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 26.24 and a beta of 1.17.

Insider Buying and Selling at Badger Infrastructure Solutions

In related news, Senior Officer Joseph Patrick Wieneke acquired 1,000 shares of Badger Infrastructure Solutions stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of C$31.64 per share, for a total transaction of C$31,643.80. In other news, Director Robert George Blackadar acquired 2,000 shares of Badger Infrastructure Solutions stock in a transaction dated Monday, March 25th. The shares were acquired at an average cost of C$37.05 per share, for a total transaction of C$74,100.00. Also, Senior Officer Joseph Patrick Wieneke purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average cost of C$31.64 per share, with a total value of C$31,643.80. In the last quarter, insiders purchased 4,000 shares of company stock worth $139,694. Insiders own 0.37% 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.