Analysts Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Target Price at C$49.21

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$49.21.

BDGI has been the topic of several recent analyst reports. Stifel Nicolaus dropped 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. CIBC decreased their target price on 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. Raymond James cut their price target on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Finally, BMO Capital Markets lowered their price objective 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 report on Friday, August 2nd.

Insider Buying and Selling at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Senior Officer Pradeep Atluri bought 2,000 shares of the business's stock in a transaction that occurred 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 the company's stock in a transaction that occurred on 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. Insiders purchased a total of 4,857 shares of company stock worth $175,495 over the last three months. 0.33% of the stock is owned by insiders.

Badger Infrastructure Solutions Trading Up 1.6 %

Shares of Badger Infrastructure Solutions stock traded up C$0.59 on Friday, hitting C$38.59. The stock had a trading volume of 74,006 shares, compared to its average volume of 73,167. Badger Infrastructure Solutions has a twelve month low of C$34.85 and a twelve month high of C$51.50. 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 firm has a market capitalization of C$1.33 billion, a P/E ratio of 23.17 and a beta of 1.14. The stock has a 50 day moving average of C$38.42 and a 200 day moving average of C$39.40.

Badger Infrastructure Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, September 27th. 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.