Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$59.00

Badger Infrastructure Solutions (TSE:BDGI) had its target price boosted by CIBC from C$55.00 to C$59.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

BDGI has been the topic of a number of other reports. Stifel Nicolaus increased their target price on shares of Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Raymond James increased their target price on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$51.50.

Badger Infrastructure Solutions Trading Down 4.1 %

TSE BDGI opened at C$39.35 on Friday. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. The firm’s fifty day moving average price is C$38.65 and its 200 day moving average price is C$38.16. The company has a market capitalization of C$939.97 million, a price-to-earnings ratio of 22.78 and a beta of 1.14. Badger Infrastructure Solutions has a 12 month low of C$34.85 and a 12 month high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.83%. The ex-dividend date was Tuesday, December 31st. Badger Infrastructure Solutions’s payout ratio is currently 41.68%.

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.