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

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$49.88 and last traded at C$48.86, with a volume of 30709 shares changing hands. The stock had previously closed at C$49.59.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BDGI shares. CIBC boosted 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 report on Thursday, May 1st. Stifel Nicolaus lowered their price target on Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a "buy" rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Badger Infrastructure Solutions presently has a consensus rating of "Moderate Buy" and an average target price of C$49.30.

Badger Infrastructure Solutions Stock Down 1.5%

The company's fifty day moving average is C$44.94 and its 200-day moving average is C$40.60. The company has a market capitalization of C$1.17 billion, a PE ratio of 28.28 and a beta of 1.14. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73.

Badger Infrastructure Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.53%. This is an increase from Badger Infrastructure Solutions's previous quarterly dividend of $0.18. The ex-dividend date is Monday, June 30th. Badger Infrastructure Solutions's dividend 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.

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