Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives C$49.21 Average Target Price from Analysts

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$49.21.

BDGI has been the subject of a number of recent research reports. CIBC cut their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$49.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Raymond James cut their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus cut their price target on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, BMO Capital Markets cut their price target on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a report on Friday, August 2nd.

Insider Transactions at Badger Infrastructure Solutions

In related news, Senior Officer Pradeep Atluri bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired 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 business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Insiders bought a total of 4,857 shares of company stock worth $175,495 over the last three months. 0.33% of the stock is owned by company insiders.

Badger Infrastructure Solutions Stock Performance

TSE BDGI opened at C$38.59 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 97.25. The company has a market capitalization of C$1.33 billion, a P/E ratio of 23.53 and a beta of 1.14. Badger Infrastructure Solutions has a 12-month low of C$34.85 and a 12-month high of C$51.50. The firm has a 50-day moving average price of C$38.46 and a two-hundred day moving average price of C$39.35.

Badger Infrastructure Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Friday, September 27th. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is presently 43.90%.

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.