Badger Infrastructure Solutions (TSE:BDGI) Stock Price Down 0.5% - Here's Why

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% on Monday . The stock traded as low as C$56.91 and last traded at C$57.15. Approximately 169,260 shares changed hands during trading, an increase of 79% from the average daily volume of 94,780 shares. The stock had previously closed at C$57.42.

Analyst Upgrades and Downgrades

BDGI has been the subject of several recent research reports. BMO Capital Markets raised their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a report on Thursday, July 31st. Stifel Nicolaus lifted their price target on shares of Badger Infrastructure Solutions from C$59.00 to C$63.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group lifted their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Badger Infrastructure Solutions presently has an average rating of "Buy" and a consensus price target of C$56.20.

Badger Infrastructure Solutions Trading Down 2.0%

The business's fifty day moving average price is C$52.67 and its 200 day moving average price is C$44.95. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The firm has a market capitalization of C$1.94 billion, a PE ratio of 35.36 and a beta of 0.99.

Badger Infrastructure Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a $0.1875 dividend. This is a boost from Badger Infrastructure Solutions's previous quarterly dividend of $0.18. This represents a $0.75 annualized dividend 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 is 32.31%.

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.