Badger Infrastructure Solutions (TSE:BDGI) has received a target price of C$82.00 from analysts at National Bankshares, as detailed in a research report released on November 5, 2023. This new target suggests a potential upside of 3.34% from the stock’s previous closing price. National Bankshares has assigned a “sector perform” rating to the company’s shares, indicating a stable outlook within the current market conditions.
Several other financial institutions have also revised their price targets for Badger Infrastructure Solutions. Stifel Nicolaus increased its estimate from C$86.00 to C$88.00, while BMO Capital Markets raised their target from C$82.00 to C$85.00. CIBC adjusted their target from C$71.00 to C$82.00, reflecting confidence in the company’s performance. Conversely, Raymond James Financial downgraded the stock from an “outperform” rating to “market perform,” albeit increasing their price target from C$60.00 to C$72.00. TD Securities, on the other hand, elevated their price objective from C$70.00 to C$83.00 and assigned a “buy” rating, showcasing varying perspectives among analysts.
Currently, four analysts have given Badger Infrastructure Solutions a “buy” rating, while two have issued a “hold” rating. According to data from MarketBeat.com, the stock maintains an average rating of “Moderate Buy” with a consensus price target of C$80.43.
Recent Financial Performance
Badger Infrastructure Solutions released its quarterly earnings on November 5, 2023, reporting earnings per share of C$0.91 and a revenue of C$330.48 million for the quarter. The company demonstrated a net margin of 5.71% and a return on equity of 16.64%, reflecting solid operational performance. Analysts forecast that Badger will achieve an earnings per share of approximately C$3.30 for the current fiscal year, suggesting continued growth potential.
Badger Infrastructure Solutions is recognized as a leading provider of non-destructive excavating services across North America. The company’s flagship technology, the Badger Hydrovac, is designed for safe excavation near critical infrastructure and in congested underground environments. This innovative system uses a pressurized water stream to liquefy soil, which is then removed by a powerful vacuum system and stored in a tank. The company manufactures and designs its own truck-mounted hydrovac units, allowing for continuous improvement by incorporating feedback from operators into future designs.
As the market for non-destructive excavation continues to expand, Badger Infrastructure Solutions is well-positioned to leverage its technological advancements and maintain a strong competitive edge in the industry. The recent targets set by analysts reflect a cautious optimism about the company’s future performance, emphasizing the potential for growth in a crucial sector.
