Analysts Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) PT at C$50.06

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$50.06.

A number of research analysts have weighed in on BDGI shares. CIBC reduced their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. BMO Capital Markets decreased 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 research report on Friday, August 2nd. Canaccord Genuity Group cut their price objective on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Stifel Nicolaus boosted their price objective on Badger Infrastructure Solutions from C$55.50 to C$56.00 in a research note on Friday, October 4th. Finally, Raymond James lowered their target price on Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th.

Insider Buying and Selling

In other Badger Infrastructure Solutions news, Senior Officer Julie Lee bought 751 shares of Badger Infrastructure Solutions stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. In other news, Senior Officer Pradeep Atluri purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of C$35.45 per share, for a total transaction of C$70,902.00. Also, Senior Officer Julie Lee acquired 751 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of C$35.51 per share, with a total value of C$26,667.71. Over the last 90 days, insiders have acquired 4,242 shares of company stock worth $137,096. 0.33% of the stock is currently owned by corporate insiders.

Badger Infrastructure Solutions Stock Down 0.0 %

Shares of TSE:BDGI opened at C$40.60 on Monday. The stock has a 50-day simple moving average of C$37.86 and a 200-day simple moving average of C$40.50. The stock has a market capitalization of C$1.40 billion, a P/E ratio of 24.76 and a beta of 1.14. Badger Infrastructure Solutions has a 1 year low of C$33.51 and a 1 year high of C$51.50. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65.

Badger Infrastructure Solutions Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, September 27th. Badger Infrastructure Solutions’s payout ratio is 43.90%.

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.