Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives C$94.75 Average Target Price from Analysts

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$94.75.

A number of equities analysts have recently issued reports on BDGI shares. National Bank Financial raised their target price on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Canaccord Genuity Group upped 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 research report on Friday, June 26th. Canadian Imperial Bank of Commerce increased their price target on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 8th. Finally, Raymond James Financial lifted their price objective on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, July 31st.

Insider Buying and Selling

In related news, Director Stephen James Jones acquired 600 shares of Badger Infrastructure Solutions stock in a transaction on Monday, August 17th. The stock was purchased at an average cost of C$89.99 per share, with a total value of C$53,994.00. Following the purchase, the director directly owned 6,300 shares in the company, valued at approximately C$566,937. The trade was a 10.53% increase in their ownership of the stock. 0.33% of the stock is currently owned by corporate insiders.

Badger Infrastructure Solutions Stock Down 0.4%

Shares of TSE BDGI opened at C$81.98 on Friday. The stock has a market cap of C$2.76 billion, a PE ratio of 45.54 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 52-week low of C$55.88 and a 52-week high of C$99.46. The business has a 50-day moving average price of C$89.70 and a 200 day moving average price of C$79.67.

Badger Infrastructure Solutions (TSE:BDGI) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.98 EPS for the quarter. Badger Infrastructure Solutions had a return on equity of 24.14% and a net margin of 7.16%.The company had revenue of C$365.33 million for the quarter. Equities research analysts forecast that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current year.

Badger Infrastructure Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, June 30th. Badger Infrastructure Solutions’s payout ratio is 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.