Canaccord Genuity Group Trims Badger Infrastructure Solutions (TSE:BDGI) Target Price to C$55.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective decreased by Canaccord Genuity Group from C$60.00 to C$55.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

BDGI has been the topic of several other research reports. BMO Capital Markets raised their target price on 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. CIBC cut their price target on Badger Infrastructure Solutions from C$55.00 to C$52.00 and set an outperform rating on the stock in a research report on Wednesday, July 3rd. Stifel Nicolaus lifted their price target on 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. Raymond James lifted their price target on 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. Finally, Acumen Capital lifted their price target on 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$53.31.

Badger Infrastructure Solutions Price Performance

Shares of TSE BDGI opened at C$36.80 on Tuesday. The company has a debt-to-equity ratio of 100.32, a quick ratio of 1.49 and a current ratio of 1.72. Badger Infrastructure Solutions has a fifty-two week low of C$30.06 and a fifty-two week high of C$51.50. The firm has a market capitalization of C$1.27 billion, a PE ratio of 22.86 and a beta of 1.18. The stock’s 50-day simple moving average is C$41.55 and its 200-day simple moving average is C$44.48.

Badger Infrastructure Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. Badger Infrastructure Solutions’s payout ratio is presently 44.72%.

Insider Activity

In related news, Director Robert Dawson bought 1,600 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of C$43.40 per share, with a total value of C$69,441.44. In other Badger Infrastructure Solutions news, Director Mary Jordan purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of C$41.72 per share, for a total transaction of C$41,720.00. Also, Director Robert Dawson purchased 1,600 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of C$43.40 per share, for a total transaction of C$69,441.44. Over the last 90 days, insiders have purchased 8,900 shares of company stock valued at $359,195. Company insiders own 0.39% 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.