Analysts Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) PT at C$50.06

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$50.06.

Several research analysts have weighed in on BDGI shares. 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 report on Tuesday, August 6th. BMO Capital Markets decreased their price objective on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Raymond James dropped their target price on shares of Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Canaccord Genuity Group cut their price target on shares of Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, Stifel Nicolaus increased their price objective on shares of Badger Infrastructure Solutions from C$55.50 to C$56.00 in a research report on Friday, October 4th.

Insider Buying and Selling

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

Badger Infrastructure Solutions Trading Up 0.9 %

TSE:BDGI opened at C$41.06 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25. The firm has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 25.04 and a beta of 1.14. The business’s 50-day moving average price is C$37.95 and its two-hundred day moving average price is C$40.43. Badger Infrastructure Solutions has a 1-year low of C$33.55 and a 1-year high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a yield of 1.75%. Badger Infrastructure Solutions’s payout ratio is 43.90%.

About Badger Infrastructure Solutions

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.