Badger Infrastructure Solutions (TSE:BDGI) Price Target Lowered to C$46.00 at Raymond James

Badger Infrastructure Solutions (TSE:BDGI) had its target price lowered by Raymond James from C$50.00 to C$46.00 in a report issued on Friday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

BDGI has been the subject of a number of other research reports. Stifel Nicolaus cut 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. Canaccord Genuity Group cut their price objective on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. BMO Capital Markets reduced their target price on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a report on Friday, August 2nd. Finally, CIBC reduced their target price on Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$48.81.

Badger Infrastructure Solutions Price Performance

Shares of TSE:BDGI opened at C$36.14 on Friday. Badger Infrastructure Solutions has a one year low of C$34.85 and a one year high of C$51.50. The stock has a fifty day moving average of C$38.20 and a 200-day moving average of C$39.99. The company has a market capitalization of C$1.25 billion, a PE ratio of 22.04 and a beta of 1.14. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 1.99%. Badger Infrastructure Solutions’s dividend payout ratio is 43.90%.

Insider Buying and Selling

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