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

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$49.64.

A number of equities research analysts have recently issued reports on the stock. CIBC boosted their target price on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 in a research report on Friday, December 13th. Raymond James cut 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. Finally, Stifel Nicolaus dropped their price target 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.

Insider Activity

In other news, Director Robert George Blackadar bought 1,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of C$36.08 per share, with a total value of C$36,084.40. Insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Price Performance

Shares of BDGI opened at C$39.88 on Wednesday. The company’s 50-day moving average is C$37.48 and its 200-day moving average is C$37.72. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. The firm has a market capitalization of C$1.37 billion, a PE ratio of 24.32 and a beta of 1.14. Badger Infrastructure Solutions has a fifty-two week low of C$34.85 and a fifty-two week high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.18 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.81%. Badger Infrastructure Solutions’s payout ratio is 43.90%.

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.