Badger Infrastructure Solutions (TSE:BDGI) Sets New 52-Week High - Still a Buy?

Key Points

• Badger Infrastructure Solutions (TSE:BDGI) reached a new 52-week high of C$60.37, closing at C$59.97 with strong trading volume.
• Multiple analysts have issued "buy" ratings for Badger Infrastructure Solutions, with price targets ranging from C$55.00 to C$70.00, indicating positive market sentiment.
• The company recently increased its quarterly dividend to $0.1875 per share, reflecting a commitment to returning value to shareholders.

Shares of 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$60.37 and last traded at C$59.97, with a volume of 6645 shares changing hands. The stock had previously closed at C$59.66.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BDGI shares. Stifel Nicolaus lifted their price objective on shares of Badger Infrastructure Solutions from C$59.00 to C$63.00 and gave the company a "buy" rating in a research note on Friday, August 1st. TD Securities set a C$70.00 price objective on shares of Badger Infrastructure Solutions and gave the company a "buy" rating in a research note on Friday, September 5th. Canaccord Genuity Group lifted their price objective 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. Finally, BMO Capital Markets boosted their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, Badger Infrastructure Solutions presently has a consensus rating of "Buy" and a consensus price target of C$58.50.

Badger Infrastructure Solutions Price Performance

The stock's 50-day moving average price is C$55.49 and its 200 day moving average price is C$46.89. The firm has a market cap of C$2.02 billion, a price-to-earnings ratio of 36.66 and a beta of 1.03. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.1875 per share. This is an increase from Badger Infrastructure Solutions's previous quarterly dividend of $0.18. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 30th. Badger Infrastructure Solutions's dividend payout ratio (DPR) is currently 32.31%.

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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