Stifel Nicolaus Issues Positive Forecast for Badger Infrastructure Solutions (TSE:BDGI) Stock Price

Badger Infrastructure Solutions (TSE:BDGI) had its price objective raised by Stifel Nicolaus from C$51.00 to C$53.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also recently commented 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 research report on Friday, November 1st. CIBC upped their target price on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$49.93.

Badger Infrastructure Solutions Stock Performance

BDGI stock opened at C$40.24 on Thursday. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. The company has a 50 day moving average price of C$37.52 and a 200 day moving average price of C$37.74. Badger Infrastructure Solutions has a fifty-two week low of C$34.85 and a fifty-two week high of C$51.50. The stock has a market capitalization of C$1.39 billion, a PE ratio of 24.54 and a beta of 1.14.

Badger Infrastructure Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, December 31st. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is currently 43.90%.

Insider Buying and Selling at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Stephanie Cuskley purchased 1,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were bought at an average price of C$38.97 per share, with a total value of C$38,971.20. Insiders own 0.33% of the company’s stock.

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.