Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives C$51.50 Consensus Target Price from Analysts

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$51.25.

A number of analysts recently weighed in on BDGI shares. Raymond James raised their target price on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. CIBC raised their price objective on Badger Infrastructure Solutions from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, Stifel Nicolaus boosted their target price on Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Badger Infrastructure Solutions Stock Performance

TSE:BDGI opened at C$39.23 on Thursday. The company has a 50-day moving average of C$39.53 and a 200-day moving average of C$38.44. The firm has a market cap of C$937.11 million, a price-to-earnings ratio of 22.71 and a beta of 1.14. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. Badger Infrastructure Solutions has a twelve month low of C$34.85 and a twelve month high of C$51.42.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a $0.18 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.84%. Badger Infrastructure Solutions’s payout ratio is currently 41.68%.

Insider Activity

In other Badger Infrastructure Solutions news, Director Mary Jordan acquired 800 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of C$39.32 per share, for a total transaction of C$31,456.00. 0.33% of the stock is currently owned by corporate insiders.

About Badger Infrastructure Solutions

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.