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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Badger Infrastructure Solutions, with seven buy ratings and one hold rating. The average 12-month price target is C$94.75, while several brokerages recently raised their targets to between C$103 and C$112.
• Director Stephen James Jones purchased 600 shares for approximately C$53,994, increasing his position by 10.53%; insiders collectively own 0.33% of the company.
• Badger reported quarterly earnings of C$0.98 per share on revenue of C$365.33 million and pays a quarterly dividend of C$0.195, equivalent to an annualized yield of about 0.9%.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) has earned an average rating of "Moderate Buy" from the eight analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$94.75.

Several brokerages have issued reports on BDGI. Raymond James Financial upped their price objective on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. National Bank Financial boosted their price target on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an "outperform" rating in a report on Monday, July 13th. Stifel Nicolaus upped their price target on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce raised their price objective on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an "outperformer" rating in a research note on Wednesday, July 8th. Finally, Canaccord Genuity Group lifted their price objective on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a "buy" rating in a report on Friday, June 26th.

Insider Activity at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Stephen James Jones purchased 600 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was acquired 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 of the company's stock, valued at approximately C$566,937. This represents a 10.53% increase in their position. Company insiders own 0.33% of the company's stock.

Badger Infrastructure Solutions Trading Down 2.4%

BDGI opened at C$83.49 on Friday. Badger Infrastructure Solutions has a 12-month low of C$55.88 and a 12-month high of C$99.46. The company has a debt-to-equity ratio of 105.14, a current ratio of 1.34 and a quick ratio of 1.49. The stock has a market capitalization of C$2.81 billion, a PE ratio of 46.38 and a beta of 0.78. The firm's fifty day moving average price is C$90.13 and its 200 day moving average price is C$79.28.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.98 earnings per share for the quarter. The company had revenue of C$365.33 million during the quarter. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%. As a group, research analysts expect that Badger Infrastructure Solutions will post 3.3008403 EPS for the current fiscal year.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Badger Infrastructure Solutions's dividend payout ratio (DPR) is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source