Analysts Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Price Target at C$49.21

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$49.21.

Several analysts have recently commented on BDGI shares. CIBC lowered their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$49.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus lowered their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a report on Friday, November 1st. BMO Capital Markets decreased their price objective on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a report on Friday, August 2nd. Finally, Raymond James decreased their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, November 1st.

Insider Transactions at Badger Infrastructure Solutions

In other news, Senior Officer Julie Lee acquired 751 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Also, Director Stephanie Cuskley acquired 1,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was purchased at an average price of C$38.97 per share, with a total value of C$38,971.20. Insiders acquired 4,857 shares of company stock worth $175,495 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI stock opened at C$38.59 on Friday. The firm has a 50-day moving average of C$38.46 and a 200-day moving average of C$39.35. The company has a market cap of C$1.33 billion, a P/E ratio of 23.53 and a beta of 1.14. 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 has a one year low of C$34.85 and a one year high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 1.87%. Badger Infrastructure Solutions’s payout ratio is 43.90%.

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.