Badger Infrastructure Solutions (TSE:BDGI) Price Target Lowered to C$55.50 at Stifel Nicolaus

Badger Infrastructure Solutions (TSE:BDGI) had its target price decreased by Stifel Nicolaus from C$56.60 to C$55.50 in a report released on Tuesday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on BDGI. Scotiabank lowered their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a sector perform rating for the company in a research report on Monday, May 6th. Canaccord Genuity Group cut their price target on shares of Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a buy rating on the stock in a research note on Tuesday, July 9th. Raymond James dropped their price objective on shares of Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an outperform rating on the stock in a report on Tuesday. BMO Capital Markets lowered their price target 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. 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 on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Badger Infrastructure Solutions currently has an average rating of Moderate Buy and a consensus price target of C$50.00.

Badger Infrastructure Solutions Price Performance

Shares of Badger Infrastructure Solutions stock traded down C$1.02 during trading hours on Tuesday, reaching C$36.64. The company’s stock had a trading volume of 84,755 shares, compared to its average volume of 65,886. The firm has a 50 day moving average price of C$39.46 and a 200-day moving average price of C$43.80. Badger Infrastructure Solutions has a one year low of C$32.25 and a one year high of C$51.50. The company has a debt-to-equity ratio of 100.32, a current ratio of 1.72 and a quick ratio of 1.49. The stock has a market cap of C$1.26 billion, a P/E ratio of 22.76 and a beta of 1.18.

Badger Infrastructure Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were paid a dividend of $0.18 per share. This is a boost from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, June 28th. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is currently 44.72%.

Insider Transactions at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Mary Jordan purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average price of C$41.72 per share, for a total transaction of C$41,720.00. In related news, Director Mary Jordan purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average price of C$41.72 per share, with a total value of C$41,720.00. Also, Senior Officer Juan Francisco Brondo Garcia purchased 4,500 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were bought at an average cost of C$42.79 per share, with a total value of C$192,555.00. Insiders have purchased a total of 7,500 shares of company stock worth $292,023 in the last three months. Company 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.