Brokerages Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) Price Target at C$50.36

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$50.36.

A number of research firms have recently issued reports on BDGI. CIBC raised their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$55.00 in a research report on Monday, February 3rd. Stifel Nicolaus raised their target price on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Raymond James lowered their target price on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, November 1st.

Badger Infrastructure Solutions Trading Down 0.1 %

Shares of TSE BDGI opened at C$39.25 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The stock’s 50 day moving average price is C$38.13 and its two-hundred day moving average price is C$38.00. Badger Infrastructure Solutions has a 52-week low of C$34.85 and a 52-week high of C$51.50. The stock has a market capitalization of C$937.58 million, a P/E ratio of 22.72 and a beta of 1.14.

Badger Infrastructure Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.83%. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is presently 41.68%.

Badger Infrastructure Solutions Company Profile

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.