Brokerages Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) PT at C$51.50

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$51.25.

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

Insider Activity

In related news, Director Mary Jordan acquired 800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of C$39.32 per share, for a total transaction of C$31,456.00. Insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Price Performance

Shares of BDGI opened at C$39.68 on Thursday. The firm has a market cap of C$947.85 million, a PE ratio of 22.97 and a beta of 1.14. The firm’s 50 day moving average price is C$39.36 and its 200 day moving average price is C$38.37. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. Badger Infrastructure Solutions has a twelve month low of C$34.85 and a twelve month high of C$51.50.

Badger Infrastructure Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio is 41.68%.

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.