Badger Infrastructure Solutions (TSE:BDGI) Trading Down 0.5% - Time to Sell?

Key Points

• Badger Infrastructure Solutions saw its stock price decline by 0.5% to C$57.15, with trading volume significantly increasing to approximately 169,260 shares.
• Despite the price drop, several analysts have boosted their price targets for the stock, maintaining a consensus rating of "Buy" and a target price of C$56.20.
• The company recently increased its quarterly dividend to $0.1875, representing a yield of 1.3% and a payout ratio of 41.68%.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report)'s stock price dropped 0.5% during trading on Monday . The stock traded as low as C$56.91 and last traded at C$57.15. Approximately 169,260 shares were traded during mid-day trading, an increase of 79% from the average daily volume of 94,780 shares. The stock had previously closed at C$57.42.

Wall Street Analysts Forecast Growth

BDGI has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price target 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. BMO Capital Markets boosted their price target on Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research note on Thursday, July 31st. Canaccord Genuity Group boosted their price target on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Finally, CIBC boosted their price target on 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. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$56.20.

Badger Infrastructure Solutions Stock Performance

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 stock has a market capitalization of C$1.37 billion, a P/E ratio of 33.08 and a beta of 1.14. The company has a fifty day moving average of C$51.66 and a two-hundred day moving average of C$44.44.

Badger Infrastructure Solutions Increases Dividend

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

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