Badger Infrastructure Solutions Ltd. (TSE:BDGI) Given Consensus Rating of “Moderate Buy” by Brokerages

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$53.06.

Several equities research analysts have recently commented on BDGI shares. Scotiabank decreased their price objective on Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a “sector perform” rating for the company in a report on Monday, May 6th. Raymond James boosted their price objective on Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. CIBC upgraded Badger Infrastructure Solutions from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$52.00 to C$54.00 in a report on Friday, May 3rd. Stifel Nicolaus boosted their price objective on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Acumen Capital upped their price target on Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a “speculative buy” rating in a report on Thursday, March 21st.

Insider Buying and Selling at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Robert Dawson acquired 1,600 shares of Badger Infrastructure Solutions stock in a transaction on Friday, May 10th. The stock was purchased at an average price of C$43.40 per share, for a total transaction of C$69,441.44. In other Badger Infrastructure Solutions news, Director Robert Dawson purchased 1,600 shares of the stock in a transaction on Friday, May 10th. The shares were purchased at an average price of C$43.40 per share, with a total value of C$69,441.44. Also, Director Mary Jordan acquired 1,000 shares of Badger Infrastructure Solutions stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of C$41.72 per share, for a total transaction of C$41,720.00. Insiders acquired 10,900 shares of company stock worth $433,295 in the last quarter. 0.39% of the stock is currently owned by company insiders.

Badger Infrastructure Solutions Trading Down 0.5 %

TSE BDGI opened at C$40.45 on Tuesday. The company has a market cap of C$1.39 billion, a price-to-earnings ratio of 25.12 and a beta of 1.18. Badger Infrastructure Solutions has a 52 week low of C$24.55 and a 52 week high of C$51.50. The business has a 50 day moving average price of C$44.03 and a 200-day moving average price of C$44.56. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 100.32.

Badger Infrastructure Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. Badger Infrastructure Solutions’s dividend payout ratio is 44.72%.

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.