Badger Infrastructure Solutions (TSE:BDGI) Sets New 1-Year High - Still a Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$50.93 and last traded at C$50.68, with a volume of 6351 shares traded. The stock had previously closed at C$50.54.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BDGI shares. CIBC upped 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 lowered their target price on Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a "buy" rating on the stock in a report on Thursday, April 17th.

Badger Infrastructure Solutions Trading Up 0.9%

The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 29.51 and a beta of 1.14. The company has a 50-day moving average price of C$45.81 and a 200-day moving average price of C$40.99. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49.

Badger Infrastructure Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be given a $0.1875 dividend. This is an increase from Badger Infrastructure Solutions's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.75 annualized dividend and a yield of 1.47%. Badger Infrastructure Solutions's payout ratio is presently 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.