Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$55.00

Badger Infrastructure Solutions (TSE:BDGI) had its price objective increased by CIBC from C$52.00 to C$55.00 in a research report sent to investors on Monday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. Raymond James cut their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Badger Infrastructure Solutions has an average rating of “Moderate Buy” and a consensus target price of C$50.36.

Badger Infrastructure Solutions Stock Up 3.6 %

BDGI opened at C$40.57 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25. The stock’s fifty day simple moving average is C$37.62 and its 200 day simple moving average is C$37.81. Badger Infrastructure Solutions has a 1-year low of C$34.85 and a 1-year high of C$51.50. The stock has a market cap of C$1.40 billion, a PE ratio of 24.74 and a beta of 1.14.

Badger Infrastructure Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio is currently 43.90%.

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.