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

Key Points

• Badger Infrastructure Solutions stock reached a new 52-week high of C$54.91, showing a positive trend in its trading performance with substantial share volume.
• Analysts have recently upgraded their target prices for the stock, with Canaccord Genuity raising it to C$60.00 and Stifel Nicolaus to C$63.00, both maintaining a "buy" rating.
• The company announced a quarterly dividend increase to $0.1875 per share, reflecting a more favorable annualized yield of 1.4%.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$54.91 and last traded at C$54.83, with a volume of 20066 shares changing hands. The stock had previously closed at C$54.65.

Analyst Ratings Changes

A number of research firms recently issued reports on BDGI. Canaccord Genuity Group boosted their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Stifel Nicolaus upped their price objective on shares of Badger Infrastructure Solutions from C$59.00 to C$63.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. BMO Capital Markets upped their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research report on Thursday, July 31st. Finally, CIBC upped their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st.

Badger Infrastructure Solutions Stock Performance

The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The firm's 50-day moving average is C$49.76 and its two-hundred day moving average is C$43.39. The stock has a market cap of C$1.32 billion, a price-to-earnings ratio of 31.90 and a beta of 1.14.

Badger Infrastructure Solutions Increases Dividend

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

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.

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