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

Badger Infrastructure Solutions (TSE:BDGI) had its price objective raised by Stifel Nicolaus from C$55.50 to C$56.00 in a research report released on Friday, BayStreet.CA reports.

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

Badger Infrastructure Solutions Trading Down 2.2 %

BDGI opened at C$38.41 on Friday. The firm’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. The firm has a market cap of C$1.32 billion, a PE ratio of 23.42 and a beta of 1.14. Badger Infrastructure Solutions has a twelve month low of C$33.21 and a twelve month high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

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

Insider Activity at Badger Infrastructure Solutions

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

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.