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

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have been given an average rating of “Moderate Buy” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$50.06.

Several equities analysts have recently weighed in on BDGI shares. CIBC reduced their price target on Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Raymond James decreased their target price on shares of Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. BMO Capital Markets dropped their target price on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus raised their price target on shares of Badger Infrastructure Solutions from C$55.50 to C$56.00 in a research report on Friday, October 4th. Finally, Canaccord Genuity Group decreased their price objective on shares of Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating for the company in a report on Tuesday, July 9th.

Insider Buying and Selling

In other news, Senior Officer Julie Lee acquired 751 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. In other Badger Infrastructure Solutions news, Senior Officer Julie Lee bought 751 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of C$35.51 per share, for a total transaction of C$26,667.71. Also, Senior Officer Pradeep Atluri bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of C$35.45 per share, for a total transaction of C$70,902.00. In the last ninety days, insiders bought 4,242 shares of company stock valued at $137,096. 0.33% of the stock is owned by corporate insiders.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI stock opened at C$41.13 on Monday. The company’s fifty day moving average price is C$37.59 and its 200-day moving average price is C$40.69. The stock has a market cap of C$1.42 billion, a PE ratio of 25.08 and a beta of 1.14. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25. Badger Infrastructure Solutions has a 12 month low of C$33.21 and a 12 month high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, September 27th. Badger Infrastructure Solutions’s payout ratio is 43.90%.

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.