Badger Infrastructure Solutions Ltd. (TSE:BDGI) Stock Has Consensus Price Target of C$94.75

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$94.75.

Several equities analysts have issued reports on BDGI shares. National Bank Financial boosted their target price on 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. Raymond James Financial raised their price target on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Canaccord Genuity Group lifted their price target on Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 8th.

Badger Infrastructure Solutions Stock Up 0.3%

Shares of TSE:BDGI opened at C$92.03 on Wednesday. The company has a market cap of C$3.10 billion, a price-to-earnings ratio of 51.13 and a beta of 0.82. The firm’s 50-day simple moving average is C$87.52 and its 200-day simple moving average is C$81.41. 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 fifty-two week low of C$59.60 and a fifty-two week high of C$99.46.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.98 earnings per share (EPS) for the quarter. The firm 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%. As a group, equities research analysts predict that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current year.

Badger Infrastructure Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.1950 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 30th. Badger Infrastructure Solutions’s payout ratio is presently 30.49%.

Insider Activity at Badger Infrastructure Solutions

In related news, Director Stephen James Jones purchased 600 shares of the stock in a transaction dated Monday, August 17th. The shares were acquired 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 C$566,937. This trade represents a 10.53% increase in their position. Insiders own 0.33% of the company’s stock.

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.