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

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$94.75.

Several analysts have weighed in on the company. Canaccord Genuity Group lifted their target price on Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Raymond James Financial increased their price target on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Stifel Nicolaus raised their price target on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a report on Monday, May 4th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 8th. Finally, National Bank Financial upped their price objective on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a report on Monday, July 13th.

Badger Infrastructure Solutions Price Performance

Shares of TSE:BDGI opened at C$83.49 on Friday. The firm’s 50 day moving average is C$90.13 and its two-hundred day moving average is C$79.28. The firm has a market capitalization of C$2.81 billion, a P/E ratio of 46.38 and a beta of 0.78. The company has a current ratio of 1.34, a quick ratio of 1.49 and a debt-to-equity ratio of 105.14. Badger Infrastructure Solutions has a 52 week low of C$55.88 and a 52 week high of C$99.46.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.98 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a return on equity of 24.14% and a net margin of 7.16%.The business had revenue of C$365.33 million during the quarter. Analysts anticipate that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current year.

Badger Infrastructure Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Badger Infrastructure Solutions’s payout ratio is 30.49%.

Insider Buying and Selling at Badger Infrastructure Solutions

In related news, Director Stephen James Jones purchased 600 shares of Badger Infrastructure Solutions stock in a transaction dated Monday, August 17th. The stock was bought at an average cost of C$89.99 per share, with a total value of C$53,994.00. Following the purchase, the director owned 6,300 shares in the company, valued at approximately C$566,937. The trade was a 10.53% increase in their position. Corporate insiders own 0.33% of the company’s stock.

About Badger Infrastructure Solutions

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.