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

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

A number of analysts recently issued reports on the stock. Raymond James Financial raised their target price on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday. 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. Canadian Imperial Bank of Commerce increased their price target 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. Canaccord Genuity Group increased their price target on Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Stifel Nicolaus raised their price objective on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a report on Monday, May 4th.

Badger Infrastructure Solutions Stock Performance

TSE:BDGI opened at C$88.86 on Tuesday. The firm has a 50 day simple moving average of C$91.15 and a 200-day simple moving average of C$77.93. 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 firm has a market cap of C$2.99 billion, a PE ratio of 49.37 and a beta of 0.81. Badger Infrastructure Solutions has a 1-year low of C$50.87 and a 1-year high of C$99.46.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors 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 is 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.