Badger Infrastructure Solutions Ltd. (TSE:BDGI) Given Consensus Rating of “Moderate Buy” by Brokerages

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$49.64.

A number of analysts recently commented on BDGI shares. CIBC lifted their target price on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 in a research note on Friday, December 13th. Raymond James decreased their target price on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Stifel Nicolaus reduced their price objective on Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Insider Transactions at Badger Infrastructure Solutions

In related news, Director Stephanie Cuskley bought 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average cost of C$38.97 per share, with a total value of C$38,971.20. Company insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Stock Performance

Shares of Badger Infrastructure Solutions stock opened at C$35.97 on Friday. The company has a 50-day simple moving average of C$37.73 and a two-hundred day simple moving average of C$38.12. The company has a market capitalization of C$1.24 billion, a PE ratio of 21.93 and a beta of 1.14. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65. Badger Infrastructure Solutions has a one year low of C$34.85 and a one year high of C$51.50.

Badger Infrastructure Solutions Announces Dividend

The business 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio is presently 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.