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

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com 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 objective among analysts that have issued ratings on the stock in the last year is C$94.75.

Several research analysts have recently commented on BDGI shares. National Bank Financial lifted their target price on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a research note 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 report on Wednesday, July 8th. Stifel Nicolaus lifted their price objective on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Canaccord Genuity Group increased their price objective on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, 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 note on Friday, July 31st.

Badger Infrastructure Solutions Price Performance

Shares of TSE BDGI opened at C$87.83 on Tuesday. The business’s 50 day moving average price is C$91.43 and its two-hundred day moving average price is C$78.29. The company has a market cap of C$2.96 billion, a PE ratio of 48.79 and a beta of 0.78. The company has a quick ratio of 1.49, a current ratio of 1.34 and a debt-to-equity ratio of 105.14. Badger Infrastructure Solutions has a twelve month low of C$53.27 and a twelve month high of C$99.46.

Badger Infrastructure Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Badger Infrastructure Solutions’s dividend payout ratio is currently 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.