Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives C$49.21 Average PT from Brokerages

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$49.21.

Several analysts have commented on the stock. CIBC dropped their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus cut their price objective on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Raymond James reduced their price objective on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Badger Infrastructure Solutions Price Performance

Badger Infrastructure Solutions has a 1 year low of C$34.85 and a 1 year high of C$51.50. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65. The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 23.12 and a beta of 1.14. The stock’s 50 day simple moving average is C$38.90 and its 200-day simple moving average is C$38.68.

Badger Infrastructure Solutions Dividend Announcement

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

Insider Transactions at Badger Infrastructure Solutions

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

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.