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

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$90.25.

Several equities analysts recently commented on the stock. Canaccord Genuity Group increased their target price 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. Stifel Nicolaus upped their price target on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Raymond James Financial raised their price objective on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a research note on Friday, June 5th. National Bank Financial upgraded Badger Infrastructure Solutions from a “sector perform” rating to an “outperform” rating and set a C$74.00 price objective on the stock in a report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce boosted their target price on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an “outperformer” rating in a research note on Wednesday.

Badger Infrastructure Solutions Stock Down 1.2%

BDGI opened at C$92.74 on Friday. The business’s fifty day simple moving average is C$87.59 and its 200 day simple moving average is C$75.86. Badger Infrastructure Solutions has a 52 week low of C$49.37 and a 52 week high of C$95.94. The company has a quick ratio of 1.49, a current ratio of 1.35 and a debt-to-equity ratio of 101.90. The stock has a market cap of C$3.12 billion, a PE ratio of 55.20 and a beta of 0.81.

Badger Infrastructure Solutions (TSE:BDGI) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) 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 during the quarter. As a group, research analysts expect that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current fiscal year.

Badger Infrastructure Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Badger Infrastructure Solutions’s dividend payout ratio is 32.66%.

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.