Raymond James Cuts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$46.00

Badger Infrastructure Solutions (TSE:BDGI) had its target price trimmed by Raymond James from C$50.00 to C$46.00 in a research note published on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on BDGI. Canaccord Genuity Group cut their price objective on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. BMO Capital Markets cut their price objective on 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. CIBC cut their price objective on Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Finally, Stifel Nicolaus lowered 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 report on Friday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$48.81.

Badger Infrastructure Solutions Trading Down 0.2 %

Shares of TSE BDGI opened at C$36.14 on Friday. The stock’s 50 day moving average price is C$38.20 and its two-hundred day moving average price is C$39.99. 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 capitalization of C$1.25 billion, a P/E ratio of 22.04 and a beta of 1.14. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, September 27th. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is presently 43.90%.

Insider Buying and Selling

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

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.