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

Badger Infrastructure Solutions (TSE:BDGI) had its price objective reduced by CIBC from C$55.00 to C$52.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other research firms also recently commented on BDGI. Raymond James lifted their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the stock an outperform rating in a research report on Thursday, March 21st. Scotiabank dropped their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a sector perform rating on the stock in a research report on Monday, May 6th. BMO Capital Markets boosted their price target on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a market perform rating in a research report on Thursday, March 21st. Stifel Nicolaus boosted their price target on shares of Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the stock a buy rating in a research report on Friday, May 3rd. Finally, Acumen Capital boosted their price target on shares of Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a speculative buy rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$52.83.

Badger Infrastructure Solutions Stock Down 2.6 %

TSE:BDGI opened at C$38.48 on Wednesday. The firm’s 50 day simple moving average is C$42.16 and its 200 day simple moving average is C$44.55. The company has a debt-to-equity ratio of 100.32, a current ratio of 1.72 and a quick ratio of 1.49. Badger Infrastructure Solutions has a one year low of C$27.63 and a one year high of C$51.50. The company has a market cap of C$1.33 billion, a PE ratio of 23.90 and a beta of 1.18.

Badger Infrastructure Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be paid a $0.18 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.72 annualized dividend and a dividend yield of 1.87%. This is a positive change from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. Badger Infrastructure Solutions’s payout ratio is currently 44.72%.

Insider Activity

In other Badger Infrastructure Solutions news, Senior Officer Juan Francisco Brondo Garcia purchased 4,500 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average price of C$42.79 per share, for a total transaction of C$192,555.00. In other Badger Infrastructure Solutions news, Director Mary Jordan purchased 1,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of C$41.72 per share, for a total transaction of C$41,720.00. Also, Senior Officer Juan Francisco Brondo Garcia acquired 4,500 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were purchased at an average cost of C$42.79 per share, for a total transaction of C$192,555.00. Insiders purchased 8,900 shares of company stock worth $359,195 in the last quarter. 0.39% of the stock is owned by corporate 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.