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

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$50.00.

A number of brokerages recently weighed in on BDGI. BMO Capital Markets reduced their target price 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 report on Friday, August 2nd. Raymond James decreased their target price 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. CIBC reduced 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. Canaccord Genuity Group decreased 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 research report on Tuesday, July 9th. Finally, Stifel Nicolaus dropped their price target on Badger Infrastructure Solutions from C$56.60 to C$55.50 and set a “buy” rating on the stock in a research note on Tuesday, August 6th.

Badger Infrastructure Solutions Stock Performance

TSE:BDGI opened at C$36.77 on Thursday. Badger Infrastructure Solutions has a twelve month low of C$32.25 and a twelve month high of C$51.50. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25. The company has a 50-day moving average of C$37.03 and a 200-day moving average of C$41.51. The firm has a market cap of C$1.27 billion, a price-to-earnings ratio of 22.28 and a beta of 1.14.

Badger Infrastructure Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a yield of 1.96%. Badger Infrastructure Solutions’s payout ratio is presently 43.64%.

Insider Buying and Selling at Badger Infrastructure Solutions

In related news, Senior Officer Julie Lee purchased 751 shares of Badger Infrastructure Solutions stock in a transaction dated 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 news, Senior Officer Pradeep Atluri bought 2,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought 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 Badger Infrastructure Solutions stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of C$35.51 per share, with a total value of C$26,667.71. Insiders have acquired a total of 4,242 shares of company stock valued at $137,096 in the last 90 days. 0.38% 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.