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

Badger Infrastructure Solutions (TSE:BDGI) had its price objective boosted by Stifel Nicolaus from C$55.50 to C$56.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on BDGI. BMO Capital Markets cut their target price on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a market perform rating for the company in a research note on Friday, August 2nd. 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 report on Tuesday, July 9th. CIBC decreased their price target on Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an outperform rating for the company in a report on Tuesday, August 6th. Finally, Raymond James cut their target price on Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an outperform rating on the stock in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$50.06.

Badger Infrastructure Solutions Price Performance

TSE:BDGI opened at C$38.41 on Friday. Badger Infrastructure Solutions has a one year low of C$33.21 and a one year high of C$51.50. 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 stock has a market cap of C$1.32 billion, a PE ratio of 23.42 and a beta of 1.14. The stock has a 50 day moving average price of C$37.03 and a 200 day moving average price of C$41.30.

Badger Infrastructure Solutions Announces Dividend

The company 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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, September 27th. Badger Infrastructure Solutions’s dividend payout ratio is currently 43.90%.

Insider Buying and Selling

In related news, Senior Officer Pradeep Atluri bought 2,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of C$35.45 per share, for a total transaction of C$70,902.00. In related news, Senior Officer Julie Lee bought 751 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price 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 the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of C$35.45 per share, for a total transaction of C$70,902.00. Insiders have bought a total of 4,242 shares of company stock worth $137,096 in the last quarter. 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.