Badger Infrastructure Solutions Ltd. (TSE:BDGI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$94.75.

A number of analysts have commented on the stock. Stifel Nicolaus increased their price target on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. National Bank Financial boosted their target price on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Canaccord Genuity Group raised their price target on Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the company a “buy” rating in a report on Friday, June 26th. Raymond James Financial upped their price objective on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 8th.

Badger Infrastructure Solutions Price Performance

TSE:BDGI opened at C$88.82 on Tuesday. Badger Infrastructure Solutions has a 1-year low of C$53.19 and a 1-year high of C$99.46. The company has a current ratio of 1.34, a quick ratio of 1.49 and a debt-to-equity ratio of 105.14. The firm has a fifty day simple moving average of C$91.43 and a 200 day simple moving average of C$78.26. The stock has a market capitalization of C$2.99 billion, a PE ratio of 49.34 and a beta of 0.78.

Badger Infrastructure Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.195 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.78 annualized dividend and a yield of 0.9%. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is 30.49%.

About Badger Infrastructure Solutions

Badger Infrastructure Solutions Ltd is North America’s provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.