Badger Infrastructure Solutions (TSE:BDGI) Given New C$49.00 Price Target at CIBC

Badger Infrastructure Solutions (TSE:BDGI) had its target price reduced by CIBC from C$50.00 to C$49.00 in a research report report published on Friday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on BDGI. Raymond James dropped their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets dropped their target price on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus dropped their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a report on Friday. Finally, Canaccord Genuity Group dropped their target price on shares of Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$48.81.

Badger Infrastructure Solutions Stock Down 0.2 %

TSE BDGI traded down C$0.08 during mid-day trading on Friday, reaching C$36.14. The stock had a trading volume of 158,185 shares, compared to its average volume of 72,220. Badger Infrastructure Solutions has a 1 year low of C$34.85 and a 1 year high of C$51.50. The stock has a market cap of C$1.25 billion, a PE ratio of 22.04 and a beta of 1.14. The company has a fifty day moving average price of C$38.20 and a 200 day moving average price of C$39.99. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49.

Badger Infrastructure Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, September 27th. Badger Infrastructure Solutions’s dividend payout ratio is 43.90%.

Insider Activity

In other Badger Infrastructure Solutions news, Senior Officer Pradeep Atluri bought 2,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of C$35.45 per share, for a total transaction of C$70,902.00. In related news, Senior Officer Julie Lee acquired 751 shares of the stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Also, Senior Officer Pradeep Atluri acquired 2,000 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average price of C$35.45 per share, with a total value of C$70,902.00. In the last three months, insiders have acquired 4,242 shares of company stock worth $137,096. 0.33% of the stock is currently owned by corporate insiders.

Badger Infrastructure Solutions Company Profile

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.