Badger Infrastructure Solutions (TSE:BDGI) Given New C$51.00 Price Target at Stifel Nicolaus

Badger Infrastructure Solutions (TSE:BDGI) had its target price trimmed by Stifel Nicolaus from C$56.00 to C$51.00 in a research note published on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

BDGI has been the subject of a number of other reports. Canaccord Genuity Group cut their target price on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. CIBC cut 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 research note on Tuesday, August 6th. Raymond James cut 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. Finally, BMO Capital Markets cut 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 research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$48.81.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI stock opened at C$36.14 on Friday. The company has a market cap of C$1.25 billion, a price-to-earnings ratio of 22.04 and a beta of 1.14. The stock has a 50 day simple moving average of C$38.20 and a 200-day simple moving average of C$39.99. Badger Infrastructure Solutions has a 12-month low of C$34.85 and a 12-month high of C$51.50. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a $0.18 dividend. The ex-dividend date of this dividend 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 presently 43.90%.

Insider Buying and Selling

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