Raymond James Trims Badger Infrastructure Solutions (TSE:BDGI) Target Price to C$50.00

Badger Infrastructure Solutions (TSE:BDGI) had its price target cut by Raymond James from C$54.00 to C$50.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently commented on BDGI. BMO Capital Markets dropped their price objective on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a market perform rating for the company in a report on Friday, August 2nd. Scotiabank lowered their price target on Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a sector perform rating for the company in a report on Monday, May 6th. CIBC lowered their price target on Badger Infrastructure Solutions from C$55.00 to C$52.00 and set an outperform rating for the company in a report on Wednesday, July 3rd. Canaccord Genuity Group lowered their price target on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a buy rating for the company in a report on Tuesday, July 9th. Finally, Stifel Nicolaus increased their price target on Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the stock a buy rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of C$50.00.

Badger Infrastructure Solutions Trading Up 3.0 %

BDGI stock opened at C$37.66 on Tuesday. The company has a market cap of C$1.30 billion, a P/E ratio of 23.39 and a beta of 1.18. Badger Infrastructure Solutions has a twelve month low of C$32.25 and a twelve month high of C$51.50. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 100.32. The business has a fifty day moving average of C$39.55 and a 200-day moving average of C$43.87.

Badger Infrastructure Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.91%. Badger Infrastructure Solutions’s dividend payout ratio is 44.72%.

Insider Activity at Badger Infrastructure Solutions

In related news, Senior Officer Juan Francisco Brondo Garcia purchased 4,500 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average cost of C$42.79 per share, with a total value of C$192,555.00. In other Badger Infrastructure Solutions news, Senior Officer Juan Francisco Brondo Garcia acquired 4,500 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of C$42.79 per share, with a total value of C$192,555.00. Also, Director Mary Jordan acquired 1,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of C$41.72 per share, with a total value of C$41,720.00. Over the last ninety days, insiders purchased 7,000 shares of company stock valued at $278,568. Insiders own 0.39% of the company’s stock.

About Badger Infrastructure Solutions

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.