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

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

A number of equities analysts recently issued reports on BDGI shares. Raymond James cut their target price 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 reduced their price objective on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, CIBC upped their target price on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 in a report on Friday, December 13th.

Badger Infrastructure Solutions Trading Down 0.1 %

Shares of Badger Infrastructure Solutions stock opened at C$36.66 on Friday. The stock has a market capitalization of C$1.26 billion, a PE ratio of 22.35 and a beta of 1.14. 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 50 day moving average price of C$37.40 and a two-hundred day moving average price of C$37.98. 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is presently 43.90%.

Insider Buying and Selling at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Stephanie Cuskley acquired 1,000 shares of Badger Infrastructure Solutions stock in a transaction on Thursday, November 7th. The stock was purchased at an average price of C$38.97 per share, for a total transaction of C$38,971.20. Company 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.