Badger Infrastructure Solutions (TSE:BDGI) PT Lowered to C$42.00 at BMO Capital Markets

Badger Infrastructure Solutions (TSE:BDGI) had its target price lowered by BMO Capital Markets from C$45.00 to C$42.00 in a research note published on Friday, BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. CIBC reduced their target price on shares of Badger Infrastructure Solutions from C$55.00 to C$52.00 and set an outperform rating for the company in a research report on Wednesday, July 3rd. Canaccord Genuity Group dropped their price target on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a buy rating for the company in a research report on Tuesday, July 9th. Raymond James reduced their price objective on Badger Infrastructure Solutions from C$57.00 to C$54.00 and set an outperform rating on the stock in a research report on Wednesday, July 17th. Scotiabank dropped their target price on Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a sector perform rating for the company in a report on Monday, May 6th. Finally, 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 report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$51.69.

Badger Infrastructure Solutions Price Performance

Shares of TSE:BDGI opened at C$36.22 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.49 and a debt-to-equity ratio of 100.32. Badger Infrastructure Solutions has a twelve month low of C$31.77 and a twelve month high of C$51.50. The company’s 50 day moving average is C$39.81 and its 200 day moving average is C$44.04. The company has a market cap of C$1.25 billion, a PE ratio of 22.50 and a beta of 1.18.

Badger Infrastructure Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.99%. This is an increase from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, June 28th. Badger Infrastructure Solutions’s dividend payout ratio is 44.72%.

Insider Activity

In other news, Director Mary Jordan bought 1,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of C$41.72 per share, for a total transaction of C$41,720.00. In other Badger Infrastructure Solutions news, Director Mary Jordan bought 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of C$41.72 per share, for a total transaction of C$41,720.00. Also, Senior Officer Juan Francisco Brondo Garcia purchased 4,500 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average price of C$42.79 per share, with a total value of C$192,555.00. In the last quarter, insiders purchased 8,600 shares of company stock worth $349,196. Corporate 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.