Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives C$49.64 Average Target Price from Analysts

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$49.64.

BDGI has been the topic of a number of research reports. Stifel Nicolaus reduced their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Raymond James reduced their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, 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.

Badger Infrastructure Solutions Stock Performance

Shares of Badger Infrastructure Solutions stock opened at C$36.66 on Friday. The company’s 50 day moving average price is C$37.40 and its two-hundred day moving average price is C$37.98. The firm has a market capitalization of C$1.26 billion, a P/E ratio of 22.35 and a beta of 1.14. Badger Infrastructure Solutions has a fifty-two week low of C$34.85 and a fifty-two week 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.

Badger Infrastructure Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.96%. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is currently 43.90%.

Insider Transactions at Badger Infrastructure Solutions

In related news, Director Stephanie Cuskley acquired 1,000 shares of Badger Infrastructure Solutions stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of C$38.97 per share, with a total value of C$38,971.20. Corporate insiders own 0.33% of the company’s stock.

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.