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

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$50.36.

BDGI has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Raymond James decreased their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, CIBC boosted their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$55.00 in a research note on Monday, February 3rd.

Badger Infrastructure Solutions Price Performance

Shares of BDGI opened at C$39.01 on Friday. Badger Infrastructure Solutions has a twelve month low of C$34.85 and a twelve month high of C$51.50. The firm’s fifty day simple moving average is C$38.05 and its 200-day simple moving average is C$37.97. The firm has a market capitalization of C$931.85 million, a price-to-earnings ratio of 22.58 and a beta of 1.14. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49.

Badger Infrastructure Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a $0.18 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Badger Infrastructure Solutions’s dividend payout ratio is presently 41.68%.

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.