Badger Infrastructure Solutions (TSE:BDGI) Shares Up 0.6% on 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)'s share price traded up 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. 211,028 shares changed hands during trading, an increase of 122% from the average session volume of 95,132 shares. The stock had previously closed at C$52.29.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets upped their price target on Badger Infrastructure Solutions from C$50.00 to C$55.00 in a report on Thursday, July 31st. 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. Finally, CIBC lifted their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st.

Badger Infrastructure Solutions Stock Down 0.4%

The company has a market cap of C$1.28 billion, a P/E ratio of 30.93 and a beta of 1.14. The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The company has a 50-day simple moving average of C$49.39 and a 200 day simple moving average of C$43.15.

Badger Infrastructure Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a $0.1875 dividend. The ex-dividend date was Monday, June 30th. 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. Badger Infrastructure Solutions's payout ratio is currently 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.