Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$85.13.

BDGI has been the topic of several analyst reports. Stifel Nicolaus increased their target price on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Raymond James Financial increased their target price on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a research report on Friday, June 5th. Canaccord Genuity Group raised Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and increased their price target for the stock from C$70.00 to C$90.00 in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce increased their price target on Badger Infrastructure Solutions from C$78.00 to C$85.00 in a research note on Monday, May 4th. Finally, TD Securities decreased their price target on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating for the company in a research note on Monday, March 9th.

Badger Infrastructure Solutions Price Performance

Shares of TSE BDGI opened at C$90.55 on Monday. Badger Infrastructure Solutions has a 1-year low of C$45.23 and a 1-year high of C$95.94. 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 business’s fifty day moving average price is C$79.49 and its two-hundred day moving average price is C$74.25. The firm has a market capitalization of C$3.06 billion, a PE ratio of 53.90 and a beta of 0.75.

Badger Infrastructure Solutions (TSE:BDGI) last issued its earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%.The firm had revenue of C$282.57 million for the quarter. On average, research analysts expect that Badger Infrastructure Solutions will post 3.3008403 EPS for the current year.

Badger Infrastructure Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a $0.195 dividend. The ex-dividend date of this dividend is 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.