Badger Infrastructure Solutions (TSE:BDGI) Stock Price Up 2% – Time to Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) shares traded up 2% during mid-day trading on Monday . The stock traded as high as C$88.49 and last traded at C$88.10. Approximately 40,795 shares traded hands during trading, a decline of 74% from the average daily volume of 158,698 shares. The stock had previously closed at C$86.34.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BDGI. Raymond James Financial increased their price objective on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce boosted their target price on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group upped their target price on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, National Bank Financial raised 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 research note on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$94.75.

Badger Infrastructure Solutions Price Performance

The business has a fifty day moving average price of C$87.61 and a 200 day moving average price of C$81.01. The company has a debt-to-equity ratio of 105.14, a current ratio of 1.34 and a quick ratio of 1.49. The company has a market capitalization of C$3.07 billion, a price-to-earnings ratio of 50.66 and a beta of 0.82.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.98 earnings per share for the quarter. The business had revenue of C$365.33 million during the quarter. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%. On average, research analysts expect that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current fiscal year.

Badger Infrastructure Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend 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%.

Insider Activity

In related news, Director Stephen James Jones acquired 600 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of C$89.99 per share, for a total transaction of C$53,994.00. Following the completion of the acquisition, the director directly owned 6,300 shares of the company’s stock, valued at approximately C$566,937. The trade was a 10.53% increase in their position. 0.33% of the stock is owned by company insiders.

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.