Badger Infrastructure Solutions (TSE:BDGI) Hits New 52-Week High - Time to Buy?

Key Points

• Badger Infrastructure Solutions shares reached a new 52-week high of C$58.88 during trading, with a current price of C$58.53.
• Analysts have issued several positive ratings, with Canaccord Genuity raising the price target from C$52 to C$60 and maintaining a "buy" rating.
• The company recently increased its quarterly dividend to $0.1875 per share, marking an annualized yield of 1.3%.

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$58.88 and last traded at C$58.53, with a volume of 97318 shares traded. The stock had previously closed at C$58.15.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Canaccord Genuity Group increased their price target 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 increased their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. BMO Capital Markets raised their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research note on Thursday, July 31st. Finally, Stifel Nicolaus boosted their price target 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. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$56.20.

Badger Infrastructure Solutions Stock Up 0.7%

The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73. The stock has a market cap of C$1.40 billion, a price-to-earnings ratio of 33.88 and a beta of 1.14. The business's 50 day moving average is C$52.17 and its 200 day moving average is C$44.63.

Badger Infrastructure Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.1875 per share. 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. This represents a $0.75 annualized dividend and a yield of 1.3%. Badger Infrastructure Solutions's dividend payout ratio (DPR) 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.

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