Badger Infrastructure Solutions (TSE:BDGI) Shares Up 0.6% Following Analyst Upgrade

Key Points

• Badger Infrastructure Solutions shares increased by 0.6% following a price target upgrade from Stifel Nicolaus, raising it from C$59.00 to C$63.00, with a current buy rating on the stock.
• The company recently declared a quarterly dividend of $0.1875 per share, an increase from the previous $0.18, resulting in an annualized yield of 1.4%.
• Analysts from BMO Capital Markets and CIBC also raised their price targets for Badger Infrastructure Solutions, with new targets of C$55.00 and C$53.00 respectively.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) rose 0.6% on Monday after Stifel Nicolaus raised their price target on the stock from C$59.00 to C$63.00. Stifel Nicolaus currently has a buy rating on the stock. Badger Infrastructure Solutions traded as high as C$52.90 and last traded at C$52.61. Approximately 211,028 shares traded hands during trading, an increase of 122% from the average daily volume of 95,132 shares. The stock had previously closed at C$52.29.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a report on Thursday. CIBC upped their price target on 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. Finally, Canaccord Genuity Group boosted their target price on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th.

Badger Infrastructure Solutions Stock Up 0.6%

The stock has a fifty day moving average of C$48.90 and a two-hundred day moving average of C$42.90. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. The firm has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 30.45 and a beta of 1.14.

Badger Infrastructure Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.4%. This is an increase from Badger Infrastructure Solutions's previous quarterly dividend of $0.18. The ex-dividend date was Monday, June 30th. Badger Infrastructure Solutions's dividend payout ratio 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.

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