Analysts Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Target Price at C$49.21

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$49.64.

Several equities analysts have weighed in on BDGI shares. CIBC increased their price objective on Badger Infrastructure Solutions from C$49.00 to C$52.00 in a report on Friday. Stifel Nicolaus cut their price target on Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Raymond James lowered 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.

Insider Buying and Selling at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Stephanie Cuskley acquired 1,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was purchased at an average cost of C$38.97 per share, for a total transaction of C$38,971.20. Company insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Price Performance

BDGI stock opened at C$37.43 on Tuesday. The stock has a market cap of C$1.29 billion, a P/E ratio of 22.82 and a beta of 1.14. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25. The stock’s fifty day simple moving average is C$38.86 and its two-hundred day simple moving average is C$38.63. Badger Infrastructure Solutions has a 1-year low of C$34.85 and a 1-year high of C$51.50.

Badger Infrastructure Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.18 dividend. 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%.

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.