Badger Infrastructure Solutions (TSE:BDGI) Hits New 1-Year High - Should You Buy?

Key Points

• Badger Infrastructure Solutions shares hit a new 52-week high at C$59.27, with a trading volume of over 20,000 shares on Tuesday.
• Multiple analysts have raised their target prices for BDGI, with TD Securities setting the highest target at C$70.00, indicating strong market confidence.
• The company recently increased its quarterly dividend to $0.1875, resulting in an annual yield of 1.3%.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$59.27 and last traded at C$59.23, with a volume of 20541 shares traded. The stock had previously closed at C$59.08.

Analyst Ratings Changes

Several research firms have issued reports on BDGI. Canaccord Genuity Group upped their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. TD Securities set a C$70.00 target price on Badger Infrastructure Solutions and gave the company a "buy" rating in a research report on Friday, September 5th. BMO Capital Markets upped their target price on Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research note on Thursday, July 31st. Finally, Stifel Nicolaus raised their target price on Badger Infrastructure Solutions from C$59.00 to C$63.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$58.50.

Badger Infrastructure Solutions Price Performance

The business has a fifty day moving average of C$55.49 and a 200 day moving average of C$46.85. The stock has a market cap of C$2.01 billion, a PE ratio of 36.60 and a beta of 1.03. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49.

Badger Infrastructure Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, June 30th. This is a positive change from Badger Infrastructure Solutions's previous quarterly dividend of $0.18. Badger Infrastructure Solutions's payout ratio is presently 32.31%.

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.