Badger Infrastructure Solutions (TSE:BDGI) Hits New 1-Year High – Here’s What Happened

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$96.44 and last traded at C$95.97, with a volume of 10293 shares changing hands. The stock had previously closed at C$94.59.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Raymond James Financial lifted their price objective on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a report on Friday, June 5th. National Bank Financial upped their target price 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 raised their price target on 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. Finally, Canaccord Genuity Group lifted 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. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Badger Infrastructure Solutions presently has an average rating of “Moderate Buy” and an average price target of C$93.88.

Badger Infrastructure Solutions Price Performance

The company has a debt-to-equity ratio of 101.90, a quick ratio of 1.49 and a current ratio of 1.35. The stock has a market capitalization of C$3.12 billion, a price-to-earnings ratio of 55.25 and a beta of 0.81. The company has a 50-day moving average of C$89.43 and a 200-day moving average of C$76.61.

Badger Infrastructure Solutions (TSE:BDGI) last announced its earnings results on Thursday, April 30th. The company reported C$0.31 EPS for the quarter. The firm had revenue of C$282.57 million for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%. As a group, equities research analysts expect that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current fiscal year.

Badger Infrastructure Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is presently 32.66%.

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.