Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$56.00 at Stifel Nicolaus

Badger Infrastructure Solutions (TSE:BDGI) had its target price increased by Stifel Nicolaus from C$55.50 to C$56.00 in a research note published on Friday, BayStreet.CA reports.

A number of other brokerages also recently commented on BDGI. Canaccord Genuity Group decreased their target price on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a buy rating for the company in a research note on Tuesday, July 9th. CIBC lowered their price objective on Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an outperform rating for the company in a research note on Tuesday, August 6th. Raymond James reduced their price target on shares of Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an outperform rating for the company in a report on Tuesday, August 6th. Finally, BMO Capital Markets dropped their price objective on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a market perform rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Badger Infrastructure Solutions has an average rating of Moderate Buy and an average price target of C$50.06.

Badger Infrastructure Solutions Stock Up 0.2 %

Shares of TSE:BDGI opened at C$38.48 on Friday. The company’s fifty day moving average is C$37.03 and its two-hundred day moving average is C$41.30. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65. Badger Infrastructure Solutions has a 1-year low of C$33.21 and a 1-year high of C$51.50. The stock has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 23.34 and a beta of 1.14.

Badger Infrastructure Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, September 27th. Badger Infrastructure Solutions’s payout ratio is currently 43.90%.

Insider Buying and Selling at Badger Infrastructure Solutions

In other news, Senior Officer Julie Lee bought 751 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. In other Badger Infrastructure Solutions news, Senior Officer Julie Lee purchased 751 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Also, Senior Officer Pradeep Atluri acquired 2,000 shares of Badger Infrastructure Solutions stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of C$35.45 per share, with a total value of C$70,902.00. In the last 90 days, insiders have purchased 4,242 shares of company stock valued at $137,096. Company insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.