Badger Infrastructure Solutions (TSE:BDGI) Reaches New 12-Month High – Should You Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$99.46 and last traded at C$98.55, with a volume of 1070 shares. The stock had previously closed at C$98.37.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BDGI shares. Canadian Imperial Bank of Commerce boosted their price objective 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. Raymond James Financial increased their target price on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a research report on Friday, June 5th. Stifel Nicolaus raised their target price on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. National Bank Financial boosted their price target on shares of 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. Finally, Canaccord Genuity Group boosted their price target on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the company a “buy” rating in a report on Friday, June 26th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on 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 Trading Down 5.5%

The firm has a 50-day moving average of C$90.85 and a 200 day moving average of C$77.42. The company has a current ratio of 1.35, a quick ratio of 1.49 and a debt-to-equity ratio of 101.90. The stock has a market capitalization of C$3.13 billion, a price-to-earnings ratio of 55.31 and a beta of 0.81.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%.The company had revenue of C$282.57 million during the quarter. As a group, equities analysts predict that Badger Infrastructure Solutions Ltd. will post 3.3008403 EPS 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. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 30th. Badger Infrastructure Solutions’s payout ratio is currently 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.