Brokerages Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Target Price at C$49.64

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$50.36.

Several brokerages have issued reports on BDGI. 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. CIBC lifted their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$55.00 in a research report on Monday. Finally, Stifel Nicolaus upped their price objective on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, January 30th.

Insiders Place Their Bets

In other Badger Infrastructure Solutions news, Director Stephanie Cuskley purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were acquired at an average cost of C$38.97 per share, for a total transaction of C$38,971.20. 0.33% of the stock is currently owned by insiders.

Badger Infrastructure Solutions Price Performance

Shares of TSE BDGI opened at C$39.15 on Wednesday. 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 firm’s 50-day moving average price is C$37.62 and its 200-day moving average price is C$37.79. The firm has a market capitalization of C$1.35 billion, a P/E ratio of 23.87 and a beta of 1.14. Badger Infrastructure Solutions has a 1-year low of C$34.85 and a 1-year high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, December 31st. Badger Infrastructure Solutions’s payout ratio is currently 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.