Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$50.00

Badger Infrastructure Solutions (TSE:BDGI - Free Report) had its target price increased by Raymond James from C$46.00 to C$50.00 in a research report released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus increased their price target on 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. CIBC raised their price target on Badger Infrastructure Solutions from C$52.00 to C$55.00 in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$51.50.

Badger Infrastructure Solutions Stock Performance

Shares of TSE:BDGI traded down C$0.66 during midday trading on Friday, reaching C$38.85. The company had a trading volume of 64,124 shares, compared to its average volume of 112,636. Badger Infrastructure Solutions has a 52-week low of C$34.85 and a 52-week high of C$51.50. The company's 50 day moving average price is C$38.73 and its 200 day moving average price is C$38.18. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The stock has a market cap of C$928.03 million, a P/E ratio of 22.49 and a beta of 1.14.

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Badger Infrastructure Solutions Announces Dividend

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

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd is North America's provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank.