Analysts Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Price Target at C$49.64

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$49.64.

A number of brokerages recently weighed in on BDGI. Raymond James reduced their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus decreased their target price 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, November 1st. Finally, CIBC lifted their price target on Badger Infrastructure Solutions from C$49.00 to C$52.00 in a research report on Friday, December 13th.

Badger Infrastructure Solutions Stock Up 0.8 %

Shares of TSE:BDGI opened at C$36.24 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25. The firm has a 50 day simple moving average of C$37.54 and a 200-day simple moving average of C$38.05. The company has a market capitalization of C$1.25 billion, a PE ratio of 22.10 and a beta of 1.14. Badger Infrastructure Solutions has a twelve month low of C$34.85 and a twelve month high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio is presently 43.90%.

Insider Activity

In other news, Director Stephanie Cuskley purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average cost of C$38.97 per share, with a total value of C$38,971.20. Corporate insiders own 0.33% 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.