Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives C$49.64 Consensus PT from Analysts

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$49.64.

BDGI has been the subject of several research analyst reports. Raymond James reduced their target price on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. CIBC upped their price objective on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 in a research report on Friday, December 13th. Finally, Stifel Nicolaus dropped their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a research report on Friday, November 1st.

Badger Infrastructure Solutions Stock Up 0.8 %

Badger Infrastructure Solutions stock opened at C$36.24 on Friday. Badger Infrastructure Solutions has a 52 week low of C$34.85 and a 52 week high of C$51.50. The firm has a market cap of C$1.25 billion, a price-to-earnings ratio of 22.10 and a beta of 1.14. The business’s 50-day moving average price is C$37.54 and its 200 day moving average price is C$38.05. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 97.25.

Badger Infrastructure Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio is currently 43.90%.

Insider Activity

In related news, Director Stephanie Cuskley bought 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average cost of C$38.97 per share, with a total value of C$38,971.20. Insiders own 0.33% of the company’s stock.

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.