Raymond James Financial Issues Positive Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its price objective increased by Raymond James Financial from C$98.00 to C$105.00 in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also commented on BDGI. Canadian Imperial Bank of Commerce boosted their target price 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. National Bank Financial increased their price target on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Stifel Nicolaus raised their price objective 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. Finally, Canaccord Genuity Group boosted their price objective on 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$94.75.

Badger Infrastructure Solutions Trading Up 4.4%

BDGI opened at C$88.86 on Friday. Badger Infrastructure Solutions has a 1-year low of C$50.87 and a 1-year high of C$99.46. 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 company has a market cap of C$2.99 billion, a P/E ratio of 52.89 and a beta of 0.81. The company has a fifty day moving average price of C$91.13 and a two-hundred day moving average price of C$77.84.

Badger Infrastructure Solutions (TSE:BDGI) last released its quarterly earnings data on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. The company had revenue of C$282.57 million for the quarter. Badger Infrastructure Solutions had a net margin of 7.11% and a return on equity of 23.71%. Analysts predict that Badger Infrastructure Solutions will post 3.3008403 EPS for the current fiscal year.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. Badger Infrastructure Solutions’s payout ratio is presently 32.66%.

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.