Badger Infrastructure Solutions (TSE:BDGI) Hits New 52-Week High – What’s Next?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) reached a new 52-week high on Monday . The company traded as high as C$99.46 and last traded at C$98.55, with a volume of 1070 shares. The stock had previously closed at C$98.37.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stifel Nicolaus increased their price target on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Canaccord Genuity Group upped their target price on Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a “buy” rating in a report on Friday, June 26th. National Bank Financial increased their target price on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Raymond James Financial lifted their price target on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a research note on Friday, June 5th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$93.88.

Badger Infrastructure Solutions Trading Down 2.0%

The company has a debt-to-equity ratio of 101.90, a current ratio of 1.35 and a quick ratio of 1.49. The company has a market cap of C$2.97 billion, a price-to-earnings ratio of 52.54 and a beta of 0.81. The business’s fifty day moving average price is C$91.09 and its 200 day moving average price is C$77.66.

Badger Infrastructure Solutions (TSE:BDGI) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.31 earnings per share for the quarter. The business had revenue of C$282.57 million during the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%. Research analysts anticipate that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current fiscal year.

Badger Infrastructure Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.195 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. Badger Infrastructure Solutions’s dividend payout ratio is presently 32.66%.

Badger Infrastructure Solutions Company Profile

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. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.