Badger Infrastructure Solutions (TSE:BDGI) Trading Up 0.8% - Time to Buy?

Key Points

• Badger Infrastructure Solutions' stock rose by 0.8% during trading, with the current price at C$59.37 and a market capitalization of C$2.00 billion.
• Analysts have set various price targets, with notable increases from Stifel Nicolaus to C$63.00 and TD Securities to C$70.00, maintaining a consensus rating of "Buy."
• The company recently announced an increase in its quarterly dividend to $0.1875 per share, resulting in an annualized yield of 1.3%.

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) rose 0.8% during trading on Thursday . The company traded as high as C$60.20 and last traded at C$59.37. Approximately 31,070 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 94,583 shares. The stock had previously closed at C$58.91.

Wall Street Analysts Forecast Growth

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

Badger Infrastructure Solutions Trading Up 0.5%

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 business's 50 day moving average price is C$55.49 and its 200-day moving average price is C$46.80. The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 36.60 and a beta of 1.03.

Badger Infrastructure Solutions Increases Dividend

The business also recently disclosed 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 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 yield of 1.3%. The ex-dividend date of this dividend was Monday, June 30th. Badger Infrastructure Solutions's payout ratio is presently 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.