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

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as C$48.74 and last traded at C$48.62, with a volume of 29347 shares traded. The stock had previously closed at C$47.58.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus cut 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 report on Thursday, April 17th. CIBC boosted their price target 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. Finally, Raymond James Financial upped their price objective on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the company an "outperform" rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$49.30.

Badger Infrastructure Solutions Stock Up 2.2%

The stock has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 28.14 and a beta of 1.14. The business has a 50-day moving average of C$44.23 and a 200-day moving average of C$40.29. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from Badger Infrastructure Solutions's previous quarterly dividend of $0.18. Badger Infrastructure Solutions's dividend payout ratio (DPR) is 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.