Badger Infrastructure Solutions Ltd. (TSE:BDGI) Stock Has Average Target Price of C$94.75 According to Analysts

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$94.75.

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

Insider Activity

In related news, Director Stephen James Jones purchased 600 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of C$89.99 per share, with a total value of C$53,994.00. Following the acquisition, the director owned 6,300 shares of the company’s stock, valued at C$566,937. This trade represents a 10.53% increase in their position. 0.33% of the stock is currently owned by insiders.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI opened at C$92.03 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.49 and a debt-to-equity ratio of 105.14. The company has a market capitalization of C$3.10 billion, a price-to-earnings ratio of 51.13 and a beta of 0.82. The stock has a 50 day moving average of C$87.52 and a 200 day moving average of C$81.53. Badger Infrastructure Solutions has a 12 month low of C$59.60 and a 12 month high of C$99.46.

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

Badger Infrastructure Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Badger Infrastructure Solutions’s dividend payout ratio is currently 30.49%.

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.