Badger Infrastructure Solutions Ltd. (TSE:BDGI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$53.06.

A number of equities analysts have weighed in on BDGI shares. Stifel Nicolaus lifted their price objective on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. BMO Capital Markets lifted their price objective on Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Scotiabank reduced their price objective on Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a “sector perform” rating for the company in a research note on Monday, May 6th. Canaccord Genuity Group lifted their price objective on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Raymond James lifted their price objective on Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI opened at C$40.45 on Tuesday. The stock has a 50-day moving average of C$44.03 and a two-hundred day moving average of C$44.56. Badger Infrastructure Solutions has a one year low of C$24.55 and a one year high of C$51.50. The company has a debt-to-equity ratio of 100.32, a quick ratio of 1.49 and a current ratio of 1.72. The stock has a market cap of C$1.39 billion, a P/E ratio of 25.12 and a beta of 1.18.

Badger Infrastructure Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 15th will be paid a dividend of $0.18 per share. This is a positive change from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Friday, June 28th. Badger Infrastructure Solutions’s payout ratio is 44.72%.

Insiders Place Their Bets

In other news, Senior Officer Juan Francisco Brondo Garcia acquired 4,500 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average cost of C$42.79 per share, for a total transaction of C$192,555.00. In related news, Director Robert George Blackadar bought 2,000 shares of the stock in a transaction dated Monday, March 25th. The shares were acquired at an average cost of C$37.05 per share, for a total transaction of C$74,100.00. Also, Senior Officer Juan Francisco Brondo Garcia bought 4,500 shares of the stock in a transaction dated Tuesday, May 21st. The shares were bought at an average price of C$42.79 per share, for a total transaction of C$192,555.00. In the last three months, insiders bought 10,900 shares of company stock worth $433,295. Corporate insiders own 0.39% of the company’s stock.

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.