Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$49.21.

Several analysts have recently weighed in on the stock. CIBC dropped their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus lowered their price objective on Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Raymond James lowered their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st.

Insider Transactions at Badger Infrastructure Solutions

In other news, Senior Officer Julie Lee purchased 751 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of C$35.51 per share, with a total value of C$26,667.71. Also, Director Stephanie Cuskley bought 1,000 shares of the stock in a transaction on Thursday, November 7th. The shares were acquired at an average cost of C$38.97 per share, for a total transaction of C$38,971.20. Over the last quarter, insiders bought 2,751 shares of company stock worth $101,723. Insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Price Performance

Shares of TSE BDGI opened at C$38.13 on Tuesday. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. The stock has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 23.25 and a beta of 1.14. The firm’s 50 day simple moving average is C$38.87 and its 200-day simple moving average is C$38.76. Badger Infrastructure Solutions has a 12 month low of C$34.85 and a 12 month high of C$51.50.

Badger Infrastructure Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid 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 1.89%. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is 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.