Badger Infrastructure Solutions (TSE:BDGI) Trading Down 2.4% – What’s Next?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) dropped 2.4% during trading on Monday . The company traded as low as C$39.50 and last traded at C$40.24. Approximately 131,348 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 80,004 shares. The stock had previously closed at C$41.25.

Analysts Set New Price Targets

BDGI has been the subject of a number of research reports. Raymond James dropped 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 report on Friday, November 1st. Stifel Nicolaus dropped their price objective on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, CIBC increased their target price on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and an average target price of C$49.64.

Badger Infrastructure Solutions Price Performance

The firm has a market cap of C$1.39 billion, a P/E ratio of 24.54 and a beta of 1.14. 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 company’s 50-day moving average is C$37.44 and its two-hundred day moving average is C$37.70.

Badger Infrastructure Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is presently 43.90%.

Insider Buying and Selling

In other Badger Infrastructure Solutions news, Director Stephanie Cuskley acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average cost of C$38.97 per share, for a total transaction of C$38,971.20. 0.33% of the stock is currently owned by company insiders.

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.