Brokerages Set Badger Infrastructure Solutions Ltd. (TSE:BDGI) PT at C$90.25

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$93.88.

Several equities analysts have issued reports on the stock. Stifel Nicolaus upped their price objective on shares of 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. Raymond James Financial lifted their target price on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a research report on Friday, June 5th. 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 report on Wednesday, July 8th. Canaccord Genuity Group upped their target price on 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. Finally, National Bank Financial upped their target price on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an “outperform” rating in a research report on Monday.

Badger Infrastructure Solutions Stock Up 0.8%

BDGI stock opened at C$92.33 on Friday. The stock has a market cap of C$3.11 billion, a P/E ratio of 54.96 and a beta of 0.81. The company has a current ratio of 1.35, a quick ratio of 1.49 and a debt-to-equity ratio of 101.90. Badger Infrastructure Solutions has a twelve month low of C$50.87 and a twelve month high of C$95.94. The company’s 50 day moving average is C$88.86 and its two-hundred day moving average is C$76.22.

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

Badger Infrastructure Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a $0.195 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. Badger Infrastructure Solutions’s payout ratio is currently 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.