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

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$49.21.

A number of research firms have recently weighed in on BDGI. Stifel Nicolaus reduced their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Raymond James dropped their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, November 1st. BMO Capital Markets lowered their price target on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a research note on Friday, August 2nd. Finally, CIBC lowered their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Friday, November 1st.

Badger Infrastructure Solutions Price Performance

Shares of TSE BDGI opened at C$38.00 on Friday. The firm’s 50-day moving average price is C$38.37 and its 200-day moving average price is C$39.47. Badger Infrastructure Solutions has a 1-year low of C$34.85 and a 1-year high of C$51.50. The firm has a market capitalization of C$1.31 billion, a P/E ratio of 23.17 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, September 27th. Badger Infrastructure Solutions’s dividend payout ratio is currently 43.90%.

Insider Transactions at Badger Infrastructure Solutions

In other news, Senior Officer Julie Lee purchased 751 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of C$35.51 per share, with a total value of C$26,667.71. Also, Senior Officer Pradeep Atluri acquired 2,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of C$35.45 per share, for a total transaction of C$70,902.00. Over the last quarter, insiders have acquired 4,857 shares of company stock valued at $175,495. 0.33% of the stock is currently owned by corporate 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.