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

Badger Infrastructure Solutions Ltd. (TSE:BDGI) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$49.64.

A number of brokerages have recently commented on BDGI. Stifel Nicolaus lowered their price objective on Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a research report on Friday, November 1st. CIBC lifted their price target on Badger Infrastructure Solutions from C$49.00 to C$52.00 in a report on Friday, December 13th. Finally, 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 on the stock in a report on Friday, November 1st.

Insiders Place Their Bets

In related news, Director Stephanie Cuskley purchased 1,000 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average cost of C$38.97 per share, with a total value of C$38,971.20. 0.33% of the stock is owned by insiders.

Badger Infrastructure Solutions Stock Down 1.4 %

BDGI stock opened at C$36.62 on Friday. The company has a 50 day moving average price of C$37.34 and a two-hundred day moving average price of C$37.91. 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 stock has a market capitalization of C$1.26 billion, a P/E ratio of 22.33 and a beta of 1.14. Badger Infrastructure Solutions has a one year low of C$34.85 and a one year high of C$51.50.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.97%. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is 43.90%.

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.