Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives C$50.06 Average Price Target from Brokerages

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$50.06.

Several analysts have recently weighed in on the company. BMO Capital Markets reduced their price target on 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. Stifel Nicolaus upped their price target on shares of Badger Infrastructure Solutions from C$55.50 to C$56.00 in a research report on Friday, October 4th. Raymond James dropped their price target on shares of Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an "outperform" rating for the company in a research note on Tuesday, August 6th. CIBC reduced their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 6th. Finally, Canaccord Genuity Group lowered their target price 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.

Badger Infrastructure Solutions Price Performance

Shares of TSE BDGI traded up C$0.08 during mid-day trading on Monday, hitting C$41.21. 31,579 shares of the stock traded hands, compared to its average volume of 70,908. The company has a market cap of C$1.42 billion, a PE ratio of 25.13 and a beta of 1.14. Badger Infrastructure Solutions has a twelve month low of C$33.47 and a twelve month high of C$51.50. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. The firm has a 50 day simple moving average of C$37.59 and a two-hundred day simple moving average of C$40.69.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, September 27th. This represents a $0.72 annualized dividend and a yield of 1.75%. Badger Infrastructure Solutions's payout ratio is 43.90%.

Insider Activity

In related news, Senior Officer Julie Lee acquired 751 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was purchased 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 purchased 2,000 shares of the company'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 acquired 751 shares of Badger Infrastructure Solutions stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of C$35.51 per share, with a total value of C$26,667.71. Insiders acquired 4,242 shares of company stock worth $137,096 over the last three months. 0.33% of the stock is currently owned by insiders.

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.