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

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$94.75.

A number of research firms have commented on BDGI. Raymond James Financial boosted their target price on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. National Bank Financial raised their target price on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Canaccord Genuity Group upped their price target on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 8th.

Badger Infrastructure Solutions Stock Up 1.9%

Shares of TSE BDGI opened at C$84.46 on Friday. The stock has a market capitalization of C$2.84 billion, a price-to-earnings ratio of 46.92 and a beta of 0.78. Badger Infrastructure Solutions has a 52 week low of C$56.37 and a 52 week high of C$99.46. The firm has a 50-day moving average price of C$89.36 and a 200 day moving average price of C$79.80. The company has a quick ratio of 1.49, a current ratio of 1.34 and a debt-to-equity ratio of 105.14.

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

Badger Infrastructure Solutions Announces Dividend

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

Insider Transactions at Badger Infrastructure Solutions

In other news, Director Stephen James Jones bought 600 shares of the stock in a transaction on Monday, August 17th. The stock was purchased 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 of the company’s stock, valued at approximately C$566,937. The trade was a 10.53% increase in their ownership of the stock. Company insiders own 0.33% of the company’s stock.

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.