Badger Infrastructure Solutions Ltd. (TSE:BDGI) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus: Seven of eight analysts rate Badger Infrastructure Solutions a buy, with one hold and an average 12-month price target of C$94.75. Several firms recently raised their targets, including Canaccord Genuity to C$112.
• Recent results were solid: The company reported quarterly earnings of C$0.98 per share on revenue of C$365.33 million, with a 24.14% return on equity and a 7.16% net margin.
• Shares trade near their 52-week high: BDGI opened at C$90.43, compared with a 52-week range of C$57.94 to C$99.46. A director also purchased 600 shares for approximately C$53,994, while the company pays a quarterly dividend of C$0.195 per share, yielding about 0.9% annually.

Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$94.75.

BDGI has been the topic of several recent research reports. Canaccord Genuity Group increased their price objective on Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Raymond James Financial raised their price objective on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an "outperform" rating in a report on Friday, July 31st. National Bank Financial boosted their price objective on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Finally, Canadian Imperial Bank of Commerce increased their target price on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an "outperformer" rating in a report on Wednesday, July 8th.

Insider Activity at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Stephen James Jones acquired 600 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average cost of C$89.99 per share, with a total value of C$53,994.00. Following the acquisition, the director owned 6,300 shares in the company, valued at approximately C$566,937. This represents a 10.53% increase in their ownership of the stock. Insiders own 0.33% of the company's stock.

Badger Infrastructure Solutions Stock Performance

Shares of TSE BDGI opened at C$90.43 on Wednesday. The company has a debt-to-equity ratio of 105.14, a quick ratio of 1.49 and a current ratio of 1.34. The stock has a 50 day moving average price of C$87.61 and a 200 day moving average price of C$81.01. The stock has a market capitalization of C$3.04 billion, a PE ratio of 50.24 and a beta of 0.82. Badger Infrastructure Solutions has a 52 week low of C$57.94 and a 52 week high of C$99.46.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.98 earnings per share for the quarter. The firm had revenue of C$365.33 million for the quarter. Badger Infrastructure Solutions had a return on equity of 24.14% and a net margin of 7.16%. Analysts predict that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current fiscal year.

Badger Infrastructure Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Badger Infrastructure Solutions's dividend payout ratio is 30.49%.

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. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.

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