Stifel Nicolaus Cuts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$51.00

Badger Infrastructure Solutions (TSE:BDGI) had its target price decreased by Stifel Nicolaus from C$56.00 to C$51.00 in a research note released on Friday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. Canaccord Genuity Group cut their price target on 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. CIBC dropped their target price 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 reduced their price target on Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Finally, 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 on the stock in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$48.81.

Badger Infrastructure Solutions Stock Down 0.2 %

Shares of TSE BDGI opened at C$36.14 on Friday. The stock has a market cap of C$1.25 billion, a PE ratio of 22.04 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$34.85 and a 12-month high of C$51.50. The company has a 50-day moving average of C$38.20 and a 200 day moving average of C$39.99.

Badger Infrastructure Solutions Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a yield of 1.99%. Badger Infrastructure Solutions’s dividend payout ratio is presently 43.90%.

Insiders Place Their Bets

In related news, Senior Officer Julie Lee acquired 751 shares of Badger Infrastructure Solutions stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. In other news, Senior Officer Julie Lee acquired 751 shares of Badger Infrastructure Solutions stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Also, Senior Officer Pradeep Atluri acquired 2,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of C$35.45 per share, with a total value of C$70,902.00. Insiders acquired a total of 4,242 shares of company stock worth $137,096 over the last 90 days. Corporate 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.