Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$94.75.

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

Insider Activity at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Stephen James Jones purchased 600 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of C$89.99 per share, with a total value of C$53,994.00. Following the acquisition, the director owned 6,300 shares of the company’s stock, valued at approximately C$566,937. This represents a 10.53% increase in their position. Company insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Trading Down 2.4%

BDGI opened at C$83.49 on Friday. Badger Infrastructure Solutions has a 12-month low of C$55.88 and a 12-month high of C$99.46. The company has a debt-to-equity ratio of 105.14, a current ratio of 1.34 and a quick ratio of 1.49. The stock has a market capitalization of C$2.81 billion, a PE ratio of 46.38 and a beta of 0.78. The firm’s fifty day moving average price is C$90.13 and its 200 day moving average price is C$79.28.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.98 earnings per share for the quarter. The company had revenue of C$365.33 million during the quarter. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%. As a group, research analysts expect that Badger Infrastructure Solutions will post 3.3008403 EPS for the current fiscal year.

Badger Infrastructure Solutions Dividend Announcement

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

Badger Infrastructure Solutions Company Profile

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.