Badger Infrastructure Solutions (TSE:BDGI) Hits New 12-Month High - Should You Buy?

Key Points

• Badger Infrastructure Solutions shares reached a new 52-week high at C$54.86, reflecting strong market performance and investor interest.
• A number of brokerages have recently raised their price targets, with Canaccord Genuity setting a target of C$60.00 and the consensus target price at C$52.80, suggesting potential for further growth.
• The company declared an increased quarterly dividend of $0.1875 per share, marking a positive change from its previous dividend and indicating strong financial health.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$54.86 and last traded at C$54.52, with a volume of 5904 shares. The stock had previously closed at C$54.42.

Analysts Set New Price Targets

BDGI has been the subject of several research analyst reports. Canaccord Genuity Group boosted their target price on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. CIBC boosted their price target on Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus boosted their price target on Badger Infrastructure Solutions from C$46.50 to C$59.00 in a report on Wednesday, July 16th. Finally, BMO Capital Markets boosted their price target on Badger Infrastructure Solutions from C$50.00 to C$55.00 in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$55.40.

Badger Infrastructure Solutions Price Performance

The company has a fifty day moving average of C$48.45 and a 200 day moving average of C$42.49. The firm has a market capitalization of C$1.25 billion, a P/E ratio of 30.27 and a beta of 1.14. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49.

Badger Infrastructure Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.4%. This is a boost from Badger Infrastructure Solutions's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 30th. Badger Infrastructure Solutions's payout ratio is presently 41.68%.

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.