Badger Infrastructure Solutions Ltd. (TSE:BDGI) Given Average Recommendation of “Moderate Buy” by Analysts

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$49.21.

A number of research firms recently commented on BDGI. CIBC lowered their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Raymond James cut their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. BMO Capital Markets decreased their price objective 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 research note on Friday, August 2nd. Finally, Stifel Nicolaus decreased their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Badger Infrastructure Solutions Stock Up 0.8 %

TSE:BDGI opened at C$38.00 on Friday. The stock’s fifty day moving average price is C$38.37 and its two-hundred day moving average price is C$39.47. 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 company has a market cap of C$1.31 billion, a price-to-earnings ratio of 23.17 and a beta of 1.14. Badger Infrastructure Solutions has a 52-week low of C$34.85 and a 52-week high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 1.89%. Badger Infrastructure Solutions’s dividend payout ratio is presently 43.90%.

Insider Activity

In other news, Director Robert George Blackadar bought 1,000 shares of the stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of C$36.08 per share, for a total transaction of C$36,084.40. Also, Senior Officer Julie Lee purchased 751 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Insiders purchased 4,857 shares of company stock valued at $175,495 over the last three months. Insiders own 0.33% 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.