Stifel Nicolaus Boosts Badger Infrastructure Solutions (TSE:BDGI) Price Target to C$53.00

Badger Infrastructure Solutions (TSE:BDGI - Free Report) had its price target hoisted by Stifel Nicolaus from C$51.00 to C$53.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

BDGI has been the topic of several other reports. CIBC raised their target price on Badger Infrastructure Solutions from C$49.00 to C$52.00 in a research report on Friday, December 13th. Raymond James lowered 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$49.93.

Badger Infrastructure Solutions Stock Performance

BDGI traded down C$0.74 during trading on Thursday, reaching C$39.50. 187,678 shares of the company were exchanged, compared to its average volume of 90,087. 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 stock has a market cap of C$1.36 billion, a P/E ratio of 24.09 and a beta of 1.14. Badger Infrastructure Solutions has a 52 week low of C$34.85 and a 52 week high of C$51.50. The firm has a 50 day moving average of C$37.57 and a 200 day moving average of C$37.76.

Badger Infrastructure Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Tuesday, December 31st. Badger Infrastructure Solutions's dividend payout ratio is presently 43.90%.

Insider Activity at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Robert George Blackadar purchased 1,000 shares of the firm's stock in a transaction on Monday, November 4th. The shares were purchased at an average price of C$36.08 per share, for a total transaction of C$36,084.40. Company insiders own 0.33% of the company's stock.

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.