Canaccord Genuity Sticks to Its Buy Rating for Badger Infrastructure Solutions (BDGIF)

Canaccord Genuity analyst Yuri Lynk maintained a Buy rating on Badger Infrastructure Solutions today and set a price target of C$71.00. The company’s shares closed yesterday at $43.49.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Lynk covers the Industrials sector, focusing on stocks such as Badger Infrastructure Solutions, Stantec, and AtkinsRealis. According to TipRanks, Lynk has an average return of 8.7% and a 53.07% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Badger Infrastructure Solutions with a $46.83 average price target, implying a 7.68% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a C$70.00 price target.

Based on Badger Infrastructure Solutions’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $208.16 million and a net profit of $18.5 million. In comparison, last year the company earned a revenue of $186.98 million and had a net profit of $11.92 million

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BDGIF in relation to earlier this year.