Stifel Nicolaus Has Lowered Expectations for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its target price lowered by equities researchers at Stifel Nicolaus from C$56.00 to C$51.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 41.12% from the stock’s current price.

A number of other research firms have also recently commented on BDGI. CIBC reduced their target price on 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. BMO Capital Markets reduced their price objective on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating on the stock in a research report on Friday, August 2nd. Canaccord Genuity Group dropped their target price 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. Finally, Raymond James reduced their price target on shares of Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$48.81.

Badger Infrastructure Solutions Price Performance

BDGI stock opened at C$36.14 on Friday. The firm has a 50 day simple moving average of C$38.20 and a two-hundred day simple moving average of C$39.99. The stock has a market cap of C$1.25 billion, a PE ratio of 22.04 and a beta of 1.14. Badger Infrastructure Solutions has a one year low of C$34.85 and a one year high of C$51.50. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49.

Insider Buying and Selling

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

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.