Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Badger Infrastructure Solutions ( (TSE:BDGI) ) is now available.
Badger Infrastructure Solutions Ltd. announced the acceptance of its notice to renew its normal course issuer bid, allowing the purchase and cancellation of up to 2,910,453 common shares. This move is intended to enhance long-term shareholder returns by capitalizing on market conditions where the share price may not reflect the company’s intrinsic value. The issuer bid represents 10% of the company’s public float and includes an automatic securities purchase plan to facilitate repurchases during blackout periods. This strategic decision underscores Badger’s commitment to optimizing shareholder value and maintaining a strong market position.
The most recent analyst rating on (TSE:BDGI) stock is a Buy with a C$61.00 price target. To see the full list of analyst forecasts on Badger Infrastructure Solutions stock, see the TSE:BDGI Stock Forecast page.
Spark’s Take on TSE:BDGI Stock
According to Spark, TipRanks’ AI Analyst, TSE:BDGI is a Outperform.
Badger Infrastructure Solutions has a strong overall stock score driven by robust financial performance, positive technical indicators, and strategic growth initiatives. The company’s ability to maintain profitability and expand market share, coupled with a positive earnings call and corporate events, outweighs the relatively high valuation.
To see Spark’s full report on TSE:BDGI stock, click here.
More about Badger Infrastructure Solutions
Badger Infrastructure Solutions Ltd. is North America’s largest provider of non-destructive excavating services, catering to contractors and facility owners in various infrastructure industries and general commercial construction. The company is known for its Badger Hydrovac™ technology, which safely excavates around critical infrastructure using a pressurized water stream and vacuum system. Badger designs and manufactures its hydrovac units in Red Deer, Alberta, and has a refurbishment program to extend the service life of its units.
Average Trading Volume: 87,700
Technical Sentiment Signal: Buy
Current Market Cap: C$1.82B
Find detailed analytics on BDGI stock on TipRanks’ Stock Analysis page.