Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) reached a new 52-week high on Monday . The company traded as high as C$50.93 and last traded at C$50.68, with a volume of 6351 shares. The stock had previously closed at C$50.54.
Wall Street Analyst Weigh In
A number of research firms have weighed in on BDGI. Stifel Nicolaus upped their price target on Badger Infrastructure Solutions from C$46.50 to C$59.00 in a report on Wednesday. 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. Finally, Canaccord Genuity Group upped their price target on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a "buy" rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$52.80.
Check Out Our Latest Stock Report on BDGI
Badger Infrastructure Solutions Stock Performance
The stock has a 50-day simple moving average of C$46.52 and a 200-day simple moving average of C$41.26. The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 31.55 and a beta of 1.14. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49.
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 given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change 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 dividend payout ratio is presently 41.68%.
About Badger Infrastructure Solutions
(
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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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