Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives C$49.21 Average Target Price from Brokerages

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$49.21.

Several research firms recently issued reports on BDGI. BMO Capital Markets decreased their target price on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus cut their price target on Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Raymond James lowered their target price 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, CIBC reduced 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 report on Friday, November 1st.

Badger Infrastructure Solutions Trading Down 0.4 %

BDGI opened at C$37.92 on Friday. The business’s 50 day moving average price is C$38.64 and its 200 day moving average price is C$39.16. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65. The stock has a market capitalization of C$1.31 billion, a PE ratio of 23.12 and a beta of 1.14. Badger Infrastructure Solutions has a one year low of C$34.85 and a one year high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 1.90%. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is currently 43.90%.

Insider Buying and Selling at Badger Infrastructure Solutions

In related news, Senior Officer Pradeep Atluri bought 2,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of C$35.45 per share, with a total value of C$70,902.00. Also, Director Robert George Blackadar acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average cost of C$36.08 per share, with a total value of C$36,084.40. In the last three months, insiders have bought 4,757 shares of company stock valued at $172,845. 0.33% of the stock is owned by company 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.