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

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$49.93.

A number of research firms recently issued reports on BDGI. Stifel Nicolaus lifted their target price on Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday. CIBC boosted their target price on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 in a research note on Friday, December 13th. Finally, Raymond James cut 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 research note on Friday, November 1st.

Badger Infrastructure Solutions Stock Down 1.8 %

Shares of TSE:BDGI opened at C$39.50 on Wednesday. Badger Infrastructure Solutions has a 52-week low of C$34.85 and a 52-week high of C$51.50. The stock has a market cap of C$1.36 billion, a P/E ratio of 24.09 and a beta of 1.14. The business has a fifty day moving average of C$37.60 and a two-hundred day moving average of C$37.79. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 97.25.

Badger Infrastructure Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio is currently 43.90%.

Insider Activity at Badger Infrastructure Solutions

In related news, Director Stephanie Cuskley purchased 1,000 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average cost of C$38.97 per share, with a total value of C$38,971.20. 0.33% of the stock is owned by 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.