Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$52.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective upped by CIBC from C$49.00 to C$52.00 in a report published on Friday,BayStreet.CA reports.

BDGI has been the topic of several other reports. Stifel Nicolaus cut their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Raymond James dropped their price objective on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$49.64.

Badger Infrastructure Solutions Stock Performance

Shares of Badger Infrastructure Solutions stock opened at C$37.43 on Friday. The firm has a fifty day moving average of C$38.86 and a two-hundred day moving average of C$38.63. 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 stock has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 22.82 and a beta of 1.14. Badger Infrastructure Solutions has a 52 week low of C$34.85 and a 52 week high of C$51.50.

Badger Infrastructure Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a yield of 1.92%. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is presently 43.90%.

Insider Transactions at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Stephanie Cuskley purchased 1,000 shares of the stock in a transaction on Thursday, November 7th. The shares were purchased at an average price 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.

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.