Badger Infrastructure Solutions (TSE:BDGI) Stock Price Expected to Rise, CIBC Analyst Says

Badger Infrastructure Solutions (TSE:BDGI) had its price objective boosted by CIBC from C$49.00 to C$52.00 in a research note published on Friday,BayStreet.CA reports.

Other analysts have also issued reports about the company. Raymond James reduced their price target on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus cut their price target on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$49.64.

Badger Infrastructure Solutions Stock Performance

Shares of Badger Infrastructure Solutions stock opened at C$37.43 on Friday. The company’s 50 day moving average price is C$38.86 and its two-hundred day moving average price is C$38.63. The firm has a market capitalization of C$1.29 billion, a P/E ratio of 22.82 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. Badger Infrastructure Solutions has a fifty-two week low of C$34.85 and a fifty-two week high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 1.92%. Badger Infrastructure Solutions’s dividend payout ratio is presently 43.90%.

Insider Activity at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Robert George Blackadar acquired 1,000 shares of the stock in a transaction on Monday, November 4th. The shares were purchased at an average price of C$36.08 per share, for a total transaction of C$36,084.40. 0.33% of the stock is currently owned by corporate insiders.

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.